I agree. it looks like the company is doing really well to build up its resource. these are good results at this depth. One of the news articles said company had 605,000 ounces in resource ? so I don't really get how as an exploration company has a $200 million market cap ? these drill results and a updated resource must already be well factored in ?
I would like to buy in as I think good exploration upside but trying to see the share price upside ? if resource doubled to 1.2m this is still $170 per ounce for resources.
anyone see anything different ?
Ann: 40m at 7.2 g/t au from 192m extends Lady Julie North 4, page-3
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Mkt cap ! $293.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1050 | $1.10 |
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| $1.10 | 30000 | 2 |
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