Ann: EXCEPTIONAL WIDTHS AND GRADES FROM MAIDEN DRILLING PROGRAM, page-74

- 18% drop on a tripling of the resource reported last time.
- Current EV of $3.7m (25m x 27.5 cents - $3.1m)
- JORC likely to be 4km x 100m x 15m x 3 (>1%) or 18Mt at 1% inferred and something like 40Mt at 0.8% after overlaying the medium grade cover
- insane selling is the only answer I have

So an in ground value of $800m ($20 per tonne) is valued at an EV of $3.7m - go figure

Selling was rampant and blind in my opinion. Institutions will see the value and get in at rock bottom if scared investors keep feeding them. The close was the perfect example of pros stealing from the nervous nellies.

This will bounce and bounce hard.