"The resource definition drilling program will focus on the south pit area of the project, aiming to upgrade the resource from inferred to measured and indicated status. In 2008 the Company announced it had identified a 31M ounce silver inferred resource at Wonawinta."
More at yesterdays release: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00965766
They don't waste any time :)
It's been good to see the liquidity the extra shares have created, lets hope it continues so that we can see exactly where investors value CCU. It was frustrating seeing such big dips and rises based on such low trade.
Saw 8c briefly yesterday, I think we could easily move back to around the 10c mark until such time as major announcements start coming out from the studies.
I do however expect a significant move in the market down over the next few months so it will be interesting to see how CCU reacts. I expect gold/silver stocks will be hit as well, but don't think they will reach the lows of last year which CCU is only just above anyway, so probably in a good position to ride things out...
CCU Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
