This trading sell off this morning was manic IMO, bit panic driven. Hope the traders made some $$$$. The announcement this morning was pretty exciting, a couple of the facts;
Inferred resource decreased from 59 to 25m T....this will be firmed up in the next couple of announcements. In fact in the report the target now has a potential of 40-50mT, which will increase, once confirmed, the deposit from 59mT to 65-75mT.
The strike length is currently 600m, to be confirmed to 950m with a width of 45m, 950x45 = 42,750 m2 for a potential, say 65mT. But, heres the good bit, the strike length has potential to increase to 3km, and is indeed traceable to 2km ( I wonder if the other km is on the other side of the fence??) and a width of 1.4km. This is obviously upside and speculative until confirmed, but gives an area of 65 times greater than the current.
All this on only 15% of the drilling. IMO, still think this is a huge deposit, I won't be selling yet, good luck to the traders.
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