I have to agree with p17 that its an informative, constructive announcement - it took me a while to absorb but was a good read. Got a few thoughts going through my mind...
1. Back in Dec / Jan we could only dream of having this many, high quality targets. The initial sp jump in late Dec was based on ND alone, then supported by LF. These IP results in last couple of months continue to de-risk this investment for me
2. The true test will be the drilling results. With only 2 rigs, the drilling (and assay turnaround) will likely drag out - as bellcurve has highlighted in recent weeks. The pace of the drilling won't change the result (ie if the copper is there, it will still be there) but the market will get impatient and the sp likely will sit idle or slide. I would love to see an announcement saying that they are doubling the drilling capacity onsite.
3. The current sp behaviour reminds me of when we were bouncing between 25c-40c in second half of 2021. The market didn't recognise the unfolding story - until it did! Personally I believe those that are patient enough will be rewarded. I also believe the downside risk is fairly limited, but upside remains significant.
In summary - would love the pace to pickup, but otherwise happy with the unfolding story and comfortable to watch while my investment (hopefully) increases in size.
Dingo.
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