Sorry but I can't agree, the moving average is not trending higher and the SP is right at the very top of the price channel and Bollinger Bands. It should retract tomorrow or continue to overextend with a bigger fall soon. A lot of the current value assumes exploration success which we are yet to see and it is a long way down the track even if we do see it. As well $2m is nothing these days for a drilling campaign so dilution is inevitable in the near term to raise more cash.
Chart update, page-7
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