I would think that a few more significant hits like what we have seen to date will push it back over $2.20 potentially up to $2.50 - $2.70. We may see above that but I think it would be froth that would be knocked off after a couple of days.
I agree with others when they say that this is just the entree and the main course and dessert are the 30k of strike that we control and the nickle possibilities.
I can't wait to see what price the 2009 options will go for as I woudl have thought that they will list with a nice little premium built in.
What I would like to see with the next set of results is a more concrete announcement on the cut back, or more info on the next development steps (e.g. more drilling or progress on cut back etc). The news of the new appointments and Burbank processing definately help keep my confidence in this company.
RMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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