the long term., page-3

Excellent post. You are correct in assuming this situation could be grossly undervalued because it takes time & further drilling for most investors to fully realize what the resource is. Given the price movement of the last week it is possible the share price could only rise slightly or even fall due to unrealistic expectactions of the resource. This announcement will only be a starter, so an opportunity will certainly exist to those whose know the value of this type of ore in the ground & with confirmed drilling results. Amazingly it often takes several hours after announcement for true price to emerge. There will be plenty of traders prepared to take short term profits & move on.
Personally not interested in share price after announcement just the numbers in the report.
Off to lunch
Regards
Buffett