Bit of a pull back I wasn't expecting today considering the volume that went through higher than this yesterday. So ionic clay proving will solidify some value in this project and then moving forward it will keep getting bigger and bigger with further drilling --- again this is crazy to think about how good this might actually be.
How much value can we build before we need more cash? Would be great if we are above 50c before that happens.... 50c would give us a mcap of about $40m. I'm still holding and plan to keep holding now -- merivale is a good retainer even if copper is quiet for another 6 months.
If merivale is a sure ionic clay thing we need to split the project off ASAP I reckon.
Ann: Bonanza Rare Earth Drill Results - Merivale South, page-178
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Mkt cap ! $30.09M | |||
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| 1 | 10000 | 12.0¢ |
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| Price($) | Vol. | No. |
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| 12.5¢ | 103000 | 3 |
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