Fairly low risk investment at theses prices. We will definitely be around 5 cents minimum once drilling has commenced, 60% low risk return not bad. I watched PRL do the same recently were low 2's ran up into the 5's before drilling with punters getting in, unfortunately I wasn't in. They are back to high 3's now just done a CR at 3.4 cents.
Looking at the timeline drilling could commence in July, say hold for 2 to 3 months for 60%. If drill results are poor than we will be lower than we are now. A tight register like this, anyone wanting a decent parcel pre drill will need to push the price up considerably.
Ann: Anson Confirms Higher Graphite Grades at Depth, page-16
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