Ann: Major Palladium Platinum Discovery at Norseman, page-248

I personally think that the main issues for the day were that many just heard 'not drilling until mid-June' along with the current macro conditions and crappy market and have decided to err on the side of safety. In addition, the next assays will appear disappointing as they are further away from the discovery hole and as such we can guess the grades will be lower. Plus $100 mill MC is probably appropriate until we see what comes of the next round of drilling.

So plenty of headwind in the very short term.

I am actually hoping it falls to mid 40's as I want to pick up a small parcel for my daughter at that level.

However, we got the discovery assays within days, so the Rhodium could also be a lot quicker that the 2 weeks Brad mentioned. The EM's could come up with something unexpected

So I am not sure I would want to be on the sidelines hoping to buy in cheaper as GAL is now well and truly on the radar and you could easily find yourself chasing yet another runaway train.

And long term this still has a long way to play out and still may be a monster.

Milesy