Hi groundswell
There is your answer .... coming in from the opposite angle, the deposit was encountered at 8m depth, and looks to be much WIDER that at first estimated.
I remember some years ago agonizing about buying RIV at $.80 cents! Do I, dont I? Bought at $1, then sold at $1.80 ... only to see it eventually taken over by RIO @ $16.50 per share.
Different commodity, but the stock has the same feel to me. very tightly held, with a potentially massive deposit, close to all needed infrastructure .... The DSO will be very attractive to predators.
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