The obvious answer is we don't know until we get the results of the vanadium purities.
I am confident that KRC will continue to go higher based on the information already supplied to the market.
I get the feeling more investors are beginning to wake up about KRC's bluesky potential.
As I posted a few days ago there will be many more investors buying KRC at 10c then they were at 5c.
My thinking is the really big announcement that will re rate this stock is the scoping study. I think that will wake up those that are still not convinced about the economics of this story.
I am also expecting to see the the vanadium purity result to be better then the last result. How much better, is a wait and see. We might find that answer today.
One thing for sure, there will always be profit takers who are interested in making a quick buck or two.
There were plenty that sold at 4.9c and 5c yesterday morning only to watch it climb to 5.7c. beofre going into a Trading Halt. Why you would sell knowing that more news is on the horizon is a question that I can not answer.
Over 30 million were traded in 45 minutes. Which suggests to me that there are plenty of investors now watching this stock very closely. The good thing is there are currently about 3000 shareholders who now own shares in KRC. Many of which I would consider to be mum and dad investors. It's a good spread which is important. Plenty of eyes are watching this stock. News will spread very quickly to friends and family.
Considering the news that is still coming and taking into consideration what we already know about the tonnage of Vanadium, Titanium, Fluorite and Iron oxide which exists at Speewah I am still believing the share price is very much undervalued.
How much undervalued the market will determine in the months ahead.
Cheers.
KRC Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
