It's a great result, but the market is in a funny place right now. The SP has already taken account of the resource through the move from 20c to 30c. If your an explorer you sit around 20c, if you have a confirmed resource you get 30c, but that's about the limit. Shares won't rise if no one is buying.
Sadly,because the market hasn't reacted you will now see some profit taking and the shares will get sold back down to 20c....it's illogical but that's the market currently.
Long term this is a great prospect.....
initial jorc resources of 244m tonnes, page-2
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Change
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Mkt cap ! $30.43M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $37.06K | 3.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3017644 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 419194 | 3 |
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