i think today's trading which lifted the price back up to 9.4 cents on moderate volume is very encouraging indeed . According to the company's own timetable, assay results should be emerging from Perth very soon -- I wonder if someone has got a sniff already ?? This is certainly a scenario where some half-way decent intercepts at good grades could lead to a good JORC outcome . I would not be at all surprised to see a SP of 20 cents in the next 6-8 weeks , and possibly CFE , as the major SH , making an on-market bid for majority holding , IMO.
CVX Price at posting:
9.4¢ Sentiment: LT Buy Disclosure: Held