Still huge amount of upside to be realised, pipe 1 alone looks like 3Moz+ before extensions to strike and depth.
Market reactions not fundamental here, SOC currently worth less than $10/oz in ground on Pipe 1 alone, with $0 value being attributed to $21M JV funding, PMR holdings, EL6483, other tenements and potential 4-5 pipes at Mt Adrah.
Instos holding off as likely expecting cap raise.
Thing is, once they have a few $M raised, they can really open up the entire area with deep drilling into the multiple pipes and extensions to the width and strikes on them.
Once funds are in the bag to support aggressive drill program, I don't think you'd want to be sitting out if they have mutiple rigs out there.
SOC Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
