Don't be so certain about a 30 bagger mate. The share register is horrendously diluted in my opinion. The company has been diluting the register on and off over the years every time more cash was needed (as is a common and normal way to get funds).
The problem now is that some very serious cash will be required to get to the point of mining in a year or two from now. I reckon some more serious dilution is coming to achieve this. This will likely put the brakes on the SP a fair bit.
The SP action following the announcement was predictable. The JORC already factored in.
Do hope I'm wrong and you get your 30 bagger though.
Cheers
Ann: Maiden JORC Mineral Resource - Noombenberry Project, page-398
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