I can see where you're coming from. While I'm tempted to top up at this level, I've probably invested as much as I'm willing to commit until this is a bit more de-risked.
I'm pretty sure we know we've got a mineralised system there, but the first holes will probably not even tell us if it might be an economic, sizeable deposit. Some decent intercepts would be good to see though.
The main issue for me is to see if Newcrest commits to anything beyond these first drill holes. In particular, under the agreement, they need to pay to exercise OVL's option to acquire Topacio by 19 Aug if I'm not mistaken.
And there's probably a CR in the wings not too far off, so a share price boosted by some decent hits here would help.
And I for one am still waiting for another acquisition,
So, in a nutshell, a lot of balls up in the air right now, and I've got no idea where they're going to come down.
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