what's it all worth?, page-4

Just one extra note on these numbers (first post of this thread).

As I mentioned and I'm sure everyone already understands, we need a fair amount of drilling to convert the 2012 discovered veins to a jorc resource.

Some of that work will be done by the time we see an updated jorc and scoping study, but not necessarily enough to classify all of these veins to jorc.
So it's difficult to know to what depths these veins will be included in the next jorc update.
The next scoping study update might therefore not fully reflect the value to be added from this years veins as it will only include resources that meet jorc standard by that time. Plenty of time to convert to jorc along with any new discoveries before the end of the year though and we may even get another updated resource around year end again if we find any other new significant enough veins.

“Chuk will be having a disappointing night @ 4.6"

Fmx, hopefully you were joking;
I said I would be disappointed with the close (not with my Friday night)- there's more to life than what price a long term holding closes at on any particular day.
In any case it finished at 4.7 as far as I was concerned.
That's where the volume was.
Someone putting on 20,000 in the match to get it to close at 4.6 does not concern me.
If anything, it might suggest someone is picking up what they can as cheap as they can and trying to keep it down as long as possible.
Either that or some poor soul was trying to disappoint me :)
I think the first reason is more likely than the latter.
I know what this is worth on my own numbers and no-one is going to change that view by selling 20,000 shares on the close.
Some of our gold stocks were held back by POG dropping back to 1690 during the trading day. Those stocks should have a much better week next week.
I expect ABU will be one of them.
POG is now confirming this break out of its year long consolidation for even the most conservative of chartists.
That suggests this long term uptrend is likely to continue (fundamentals assure that in my opinion-for me the chart is just about timing) and that suggests prices in excess of $2,000 before we can even get into production.
The extra profits will make the wait to production well worth while IMO.
Better to dig it up with POG above A$2,000 than at A$1,500-1,600.
Depending on how many ounces we recover and what the average POG is over our mine life, just the extra profit could be close to our current mc.
Then add the value that will be created through Buccaneer with a higher POG.
Keep in mind this stock hit 8c last year on Buccaneer plus just some promising drilling at OP but well before we or the company had any real idea of what OP contained or what it might be worth.
That lack of understanding of OP is what kept me from buying to hold last year. I only traded it a few times.
Now we know OP is likely worth well in excess of 8c without Buccaneer, so what will the sp do this year if POG approaches $1,900 again, or if it exceeds it? POG has already had a very sharp (bullish impulsive) move to $1,735. It’s already moved beyond 50% of recovering its consolidation.
The market needs to start to digest the implications of even that move in POG for ABU and ABU will continue to trend higher IMO- and fairly rapidly.
ABU needs to reach near 6c to recover 50% if its sharp correction.
Fundamentals will aid that objective.
Don't let the manipulation of the sp put you off. Watch the overall longer term price trend.