Hello. It was a good hit today but for me, personally, i did not find value in their JORC of 452,000oz of gold, which appears to explain to me why they were raising money at 2 cents per share after the JORC was announced.
If I take the Dimensions of the two domains, i calculate around 272 million tonnes yet the JORC was only 4.93Mt. To me this indicates the gold is scattered throughout the two domains, which gives the impression to me why they have an "Exploration Target" within the domains. At this stage, i have my personal doubts the two domains of the JORC are commercial.
With another 20,000,000 shares it seems to be issued soon, the market cap is around $15M at 4 cents. For me, i don't see much value in the JORC.
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