Mostly agree, although isnt there a chance that they could allow enough time after DFS release for the market to re-rate before doing the CR. If its a decent DFS it might only need 2-4 weeks to re-rate?
Certainly drill results the most immediate catylst though. My view is these latest drill results are looking good but investors may not be able to confidently quantify what it means to the economic fundementals yet, so I'm not expected any big increase today/tomorrow. The updated resource estimate (obviously prior to DFS) might be required to clarify impact and ram the point home to create a re-rate.
Ann: Assays Confirm Drilling Success at Sorby Hills, page-27
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