Hey mixie,
Check price action last year - tells when results including assays from full scale exploration started to influence SP.
In June last year an ann referring to 8% Cu at Storm and another presenting this diagram started the run. That was from a price of ~ $0.06 - today the price is double that at $0.13.
This year I expect moderate improvement from drilling which will increase the maiden MRE followed by big appreciation as new targets are drilled if results are as good as discovery was last year.
If a diamond drill into Tempest (for example) comes back copper over a wide intercept then given the large outcrop at surface expect the SP to do very well indeed.
That is because results like that will prove what has always been suspected that Storm is a massive camp scale new deposit.
It is for that possibility that many holders here take the long term view. Also, I suspect, it is the reason we are blessed (or damned) by downrampers and their friends.
Here is another ann from '23 which should excite. Indium is a critical metal with wide spread uses.
13/12/2023 9:15AM ASX 23.8 Million Ounces of Indium Defined at West Desert
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $58.23M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 11.0¢ | $71.56K | 624.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 413951 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 450000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 368497 | 0.110 |
5 | 364125 | 0.105 |
10 | 947300 | 0.100 |
1 | 10111 | 0.099 |
1 | 10204 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 450000 | 2 |
0.120 | 376738 | 6 |
0.125 | 643017 | 4 |
0.130 | 114103 | 5 |
0.135 | 578182 | 6 |
Last trade - 14.18pm 02/08/2024 (20 minute delay) ? |
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