I’m not too sure how many people read the Argonaught analysis, but there is a few assumptions they are very conservative with. I think the resource size will go from 2.3moz to 3.5/4moz with the new program, I also think the cut off grade will most likely drop with PFS from 0.5 to 0.3. These alone will increase the resource size to between 5.5-6.5moz. Factor this in with there gold price being off by close to $600oz, lets me honest gold is not going back to US $2650oz, I can’t find anyone who thinks this.
There is simply no way this will be 30c at JORC, not going to happen. Would not surprise me if it’s 50c atleast.
I think the institutions that have been cross trading will slowing push the price up as more and more results come in, and I’m going to riding the wave up.
MI6 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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