150m & 200m holes ? , page-14

NL, Its hard to suggest a SP from a GEO standpoint. Its a strange old beasty the share market. The problem I see with SBR I have suggested previously is that expectations of repeat holes like the first one are a driving factor for this explorer.

The vagaries of intrusive deposits can be incredibly complex in how alteration works with existing rock structures and faults. I think you will find that the GEOS involved were SBR were pretty stunned by that drill hole and were not expecting it. The hole was a blind hole with nothing but surface geochemistry and some outcrop channel sampling at surface as guides.
The mineralisation is there and no doubt about that, where it comes from (the source or structure) is what they will explore.

Have to be incredibly lucky to just bang a hole straight into it. Its just a starting point really, albeit a very good one. If there are more good holes at this kind of length and greater delineation of an ore body over time then its progressive maths on the tonnages involved and the recovery rates. People are watching an this and it has the potential to see big price jumps and activity on good holes being announced but the retreat will follow just as surely.

My view is SP value possibly around 40-45 cents with some further good results. I cant see it extending much above 100-120 Market Cap mark and staying there. Its not going to be like sirius.