For longer term investors this a screaming buy in the low 20's ahead of a number of significant drill program. Luckily for them it still looks like S/T punters from earlier in the week still have a few to go in the low 20's. When I look at our Ag /Eq peer group we will likely land somewhere between IVR and SS1 after the release of the MRE. That's if the boys can get the high grade target converted at +20Mt and +110g/t AgEq. I'd expect they will and sSo a market cap of $50m would be fair. However, we will also be running a drill program over Antimony Reward and expect to see some decent high grade intersections there. Bonus $ to market cap! Apart from LRV, who else whose share price went ballistic this week has a project with our grades that is being drilled in a month or so? Expect some of that hot money to come back to us as longer term holds.
ILT Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)