We first need to get through the heap of shares that were bought during the last cap raising at 4c there will be plenty out there looking to sell on a double/triple and take the quick profit. Once those are gone then it's back to the long termers to drive the price.
What price over the next 18 months should be your question. This once traded over $3 per share on a much smaller resource but also with a much smaller share distribution. I expect this to break through $1 leading up to production, after that it will all be about the HM market. We are testing the one year high today, once that is broken the next hurdle is 30c...not sure that is achievable in 3 months, unless this gets hit with a takeover, that has to be a real option but at what price, the earlier they get in the lower the offer price will be.
IMA Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
