Positives and negatives to the announcement.
Positive is resource extends down which was expected.
Negatives.
They missed with 3/6 of the drills.
Grade decreases at depths
Was really hoping 42/43 would hit as that's at the southern extension so they would have been the most interested to see what occurred in the wider better grade intercepts.
Not a total loss at all and proves the theory many myself included have suggested.
Diamond drilling now required which will firm this up.
Interested to see how the market digests this, would appear some leaky ships but IMO the results didn't necessarily warrant the 30% rise. if 2.5c can hold looks very strong from a T/A perspective.
IMO it was undervalued previous to any announcements anyways so again wait to see how the market digests.
SF2TH
Ann: Depth Extension Confirmed at the Reedy South Gold Project, page-3
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