I too really liked this announcement, plenty of potiential nearby to planned pit and processing, and at shallow depth.
yes I know it's yet to be quantified with higher levels of confidence but still it's there. The existing geology suggests the corridors identified are extensions of those deposits already comprising the basis for mining. I would have expected some buying and a higher SP to boot.
Is this stock still suffering from the failed CR? Even after the significant vote of confidence by the banking sector in debt funding 150m? Is this the market just suppressing the price until Dacian are forced into their already flagged cap raising required to complete the mine build. By my count they need another 60m to complete contruction, surely the market will eat that when it comes along. As an existing holder I know I'll be interested.
Just wondering where this will be in 12 months. Back at those $4 highs? $5+? Or still languishing $2.5-3?
Opinions please
Cheers
Lotsa
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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