It could send it up and it could send the price down a bit. In my opinion, Mark Hohnen always talks the stock up to early, this is because he knows roughly overall what the lease will hold. However, with infil drilling as described by Beer Baron in his fantastic analysis shows that the possibility of it being more like the target of 450is million pounds is more likely.
Now I am not saying we wont get to 550 million pounds and above, but infil drilling will not neccesarily increase the size of the jorc, maybe the grade, but it will make it a Legal JORC statement, which could put it on the market.
I still believe games are happening, and I will sit tight and be rewarded. Could happen today, could happen next January, who knows, but I wont be caught out without.
This is not advice to buy, this is just the theory of a long term holder with 20 years of being around the mining game, and a fair understanding of how it all works.
Harlee
EXT Price at posting:
$7.01 Sentiment: LT Buy Disclosure: Held
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