Isn't that the idea for a company at 2.5M MC and 1.5M in cash? Drill the projects and hope to hit?
More than enough cash to conduct 3 drills programs across 3 tenements. Which is what's occurring.
Don't beat yourself up if the 1c out at 1.4c trade isn't coming off.
Maybe a chart on the chart thread.
Volumes aren't super high so cant see this moving on momentum alone unless other discover it's a microcap. Will need something interesting in the recent news flow to move it.
That is unless a bunch of decent traders who trade at volume. Do agree needs to overcome 1.4-1.5c and is likely overhead resistance.
IMO News soon on Salmon - then 2 more RC programs in the next 3 months. Will be one of them that stirs things up or not. Until then people cant try to trade on no volume. for 10-20 loss/gain.
I hope they hit something decent and move to 5-10m MC. 2-4c target. Small MC make this feasible.
If they were 5-10M MC already you'd need something significant to move the needle.
SF2TH
AAJ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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