Well they say they want to prove up a maiden resource by march which is possible pending their drilling but it's not going to be a massive jorc as it's only like 11800m in total that has been announced. It all depends on that but their incentive targets are-Prove up a 10mt resource which they believe they have a 90% chance of doing
And maintain a 100m marketcap for 30 days straight.So let's assume worst case, $1 if they aim to achieve what will get them their fat checks..
But im more bullish and reckon $2-3 isn't out of the ballpark due to the locked shares
CXO'S B33 deposit, page-9
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