Well if this plays out like the multiple other "potential" major discoveries we've had over the last few years then (a) it will run not just for days but weeks (they run on average for about a month, granted we've already had over two weeks of buildup however today really feels like "day 1" of the market recognition), and (b) the market cap will increase substantially from here (they average a peak MC of between $150-200M). If we're making comparisons to GAL then that reached a peak fully diluted MC of $360M, while this has a fully diluted MC of around $50M (need to update my calc though so it's an approximation). Even if we include an "Africa discount" (though Botswana is top of class for Africa) we have potentially multiples to go from here. Tough market for sure but it's heading in the right direction, inflation appears to have peaked IMO. As I stated a week or so ago and stand behind even more firmly today - this discovery is better than the majority of the other potential major discoveries we've had over the last few years and better than some others in Oz that have MCs close to $200M (GAL I do really like however and bought more of just above $1 the other week). Still waiting to snag another elephant... however we're in the right part of the world aren't we?!
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