I don't think the price rise is predominantly about the upcoming drill results.
It's more that the market has suddenly realised we have over 1 million ounces of gold in the ground and a very low market cap compared to other gold juniors.
With a rising gold price, those ounces in the ground switch from marginal to potential big profits in a safe jurisidicition. This leverage effect is playing a big part in the rerate in my opinion.
Ann: Response to ASX price query, page-9
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43.0¢ |
Change
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Mkt cap ! $153.2M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 44.5¢ | 42.5¢ | $274.3K | 629.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12870 | 43.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 22953 | 1 |
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