The share price tanked way before any Goro announcement - just look the price chart - 5c near end of March. Fear and panic pushed it to those levels. As existing operations continued with improving metrics, add a new investor group and sentiment is slowly changing. I suspect though that the charts are simply showing a reflection of that improved sentiment in an upward movement. So, not sure whether charts are reactive or proactive - hence lies some uncertainty of any target price theory.
So, probably the main reason for any pull back is Goro - and not the plant performance. One thing is certain - current share price sucks. AIMHO.
NCZ Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held