Ann: West Arunta Project - Significant Enrichment at Luni, page-163

I think Mr Market is waiting on more clarity of the continuity of the mineralisation before marking the share price up higher.
The mineralisation in one hole is 160m down (still economic but not as exciting as near surface mineralisation).
The intercepts, whilst very high grade and mineable, are not wide intercepts.
All key factors in the level of market interest.
However two of the holes are shallow and very high grade certainly the real deal from a project valuation perspective.
So the next drill program will be very illuminating and high value adding if there is strong continuity and there is plenty more mineralisation within 100m of the surface.
The fact that all three widely spaced holes hit near surface mineralisation suggests that it at least should be widespread. And a damn good outcome considering that they were drilling a gravity anomaly at the time. Three out of three suggests this is a major discovery IMO.

Gosouth