uptrend in 2010

Think i will stick with the fundamentals.

On the basis that there is a preliminary global JORC estimate re Lance from the 912,000 metres plus drilling already done, by March/April and the initial defined JORC re Ross by June, i expect a significant uptrend in this stock by June 30 2010.

The US $1 million spent to acquire the remaining drilling data and a plethora of other relevant data (what would the replacement cost of that be?), of which the replacement drilling cost alone is estimated at $US 60 million, will be seen as an extraordinary good move by June 30 2010, in the wider market.

Hats off to Gus and the team.


I would be more than happy if it downtrends over the next month or two as i will pick up a few more.