The Carrington lode is not included in the JORC resource. This means a substantial upside of copper and gold resource is possible once drilling is close enough spaced for inclusion.
If Coronation drilling hits massive sulphide it could be a wild and rapid rise for the company.
Damien makes clear that we now have around 1 million ounces of contained gold equivalent metal at Liontown at a head grade of 6g/t.
The share price looks well supported by assets being JORC resources.
No amount of good exploration work will support a share price during a serious market or commodity price downturn. So yes there is a bit of waiting until sentiment improves.
DYOR Not investment advice
Ann: Australian Gold Conference Presentation, page-13
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