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586 Posts.
63
10/07/22
10:14
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Let's cast our mind back to PDI in April 2020 and their Bankan Gold Project in Guinea for quick and general comparison.
Didn't they have a MC at the time of something like $3 or $4m - from memory - with the SP at $0.006. (a little more than half a cent)
Then they hit 44m at 2.06g/t and the share price went to 10 cents over 5 weeks.
Now sitting around 18 - 20 cents after 2 years with further drilling/definition and of course dilution, and a MC of $290m.
One hit, one "significant' intercept, is all it can take.
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