Absolutely. 2moz would be great but starting around the 1.5-1.7moz is a good target. The strike length and other drilling targets with in trucking distance will see this resource grow exponentially, but it will take time. As you said infill drilling is what needs to be done to prove the resource upgrade.
Good long term hold here while they sure up a good reserve and get some decent funding behind them. Again, I hope to be proven wrong and it isn't impossible for them to come out with a large resource upgrade but I won't be disheartened if it doesn't reach the 2moz mark, and I hope fellow long term holders won't be either.
Cheers!
Updated JORC, page-23
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.9M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 39.0¢ | $149.2K | 380.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 164191 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 249719 | 2 |
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| AUC (ASX) Chart |