A JORC inferred resource of 11,025 tonnes U and 2.5m oz gold - sounds fantastic but I don't think the market believes them - hence the low SP.
The only downside I see at the moment is if the forthcoming drilling does not confirm the resources. Surely if it's JORC compliant the amounts stated must be accurate and any drilling now must just confirm this - the resources must still be there. I haven't come accross any other Co. that had inferred JORC resources that were not confirmed with further drilling.
You either beleive them or not. I'm a believer for now.
Nick D
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