“throw in one timely announcement regarding drill/trenching results could quite easily push this to .062c to fill the gap”
I would think the first veins to be trenched (and results reported on) will be (from first few paragraphs of the announcement on 3 May 2012) the one that extends the “western limb veins under cover to the north and south (current results include 102 metres strike length averaging 32.62g/t gold open to the north and south).
Extending Old Pirate South (eastern limb) to the north to link current known vein strike length of 69 metres averaging 49.9g/t gold with a 62.6g/t gold rock chip in an outcropping vein 200 metres along strike.
Testing a second Old Pirate South vein not yet included in the resource where previous selective rock chip sampling results included grades up to 2163g/t gold, 1111g/t gold and 108g/t gold.”
Obviously average grades won’t be anything like as high as the selective rock chips, but does anyone want to hazard a guess as to whether the market is likely to like the first few sets of results?
I’m not just guessing what I think; this is why I have starting buying again.
When I have been saying I expect significant additions to the resource of at least 50% near term (and same for cash flow and upside to min 8c target based on current resource to 12c; I am not just making wild statements based on nothing but hope.
The evidence is there for anyone that wants to look.
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