This recent SP move is just a return to what the normal was 6 months ago, so I dont consider this a rerate, especially at 7M MC. I think the first stop with minimal news is 25M MC (around 50c SP). Positive exploration news 40M MC (around 80c SP), commencement of drilling on the back of positive exploration news 60M MC (around $1.20 SP).
That's a dream run for me, and depending on exploration and hype, can be conservative as WA1 has shown. In the end, who knows what the future brings, but I think we can justify 15 - 20M MC with what we have now, tenements and information around them.
Look forward to a positive upcoming week. Enjoy the ride!
This recent SP move is just a return to what the normal was 6...
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