I was amused by the press release and todays market action (it has all the signs of the various players wanting in, putting out negative press and buying up 15M shares at a discount today). They did not get any of mine. I will be holding.
The three new holes released today (which went through to the keeper for most as they were on page 20,,,,) were pretty darn good. Wait till the 155m intersection comes out, then the next....
Best news is that now the market has based the share price on 25 Mt plus a bit of upside. As new drill holes get released (and now that we have all the info to determine tonnage) the share price should steadily climb without any need for new JORC resource comments (a simple calculator will do the job).
Cu, gold an dCo grades were right on my previous expectations, so previous NPV calcs are reasonable. All we need now is confiormation of tonnage and grade as the drilling extends along RL. Hopefully a nice, steady and boring rise. Heres hoping.
AUM
australian mining investments limited
wayne mccrae you owe t4p a beer, page-2
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