Why did the share price not skyrocket today?
While the two announcements were good they didn't give us a whole lot of quantitative new insight.
On the gold side. The holes drilled that are most important to me are the eastern most holes where good geo was found. Yes the results yesterday were high grade but it realistically only increased the area of gold from a 50m X 50m area to a 50m X 100m area. Those 3 holes off to the east will make the size of the project alot bigger if they hit even mildly decent grades and attract alot more attention. The grades are there, just need the tonnage.
The vanadium, sharing the details of the process was great. The doubling of the size of the operation could be a positive but it also could not. Who's to say that the whole reason for increasing it was because it wasn't economic unless at the 12mt mark? I personally don't think this is the case but still a possibility. The figures are what people are after to really chase this stock. Hence this announcement didn't tell us much more that we didn't know.
Did krc release some figures that they had to retract a few months ago? I wonder if they line up with this
All IMO of course, still think this is undervalued but understand that there is still risk. Welcome some other opinions
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Ann: Additional High Grade Gold Assays Mt Remarkable, page-54
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