I'd hesitate to call this accumulation...they are taking it way too fast. (the volume that is, not the price)
Just back from a field trip to this welcome news and doing a quick catch-up.
I also think STM has a long way to run and while my initial thought were it may take a few months, the rate at which it is being hoovered up is stunning. Approx 25% of the SOI in 2 days,
All this from a company and team who are known to the business end of town, it wont be ignored. (That is already happening I believe).
If the geophysics on this hold up the resource will end up somewhere between 25 and 50 million ounces at very good grade for the size of the deposit. Also, from surface (or close to it) so little cost in removing waste. Going for depth on hole 6, assays on that one only 6 to 8 weeks away. Assays on the other 5 holes sooner. Do your own valuations but this is a monster and only just starting its run IMO. Personally, will not sell a share before finding out what the assays on hole 6 reveal. The body language from MN already says holes 2 through 4 will be nice.
Well worth reading the points Aubin makes towards the top of the thread, he is on the money.
PS Bramaderos is a reasonable project...this is just an order of magnitude better.
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I'd hesitate to call this accumulation...they are taking it way...
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Mkt cap ! $21.62M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $16.45K | 3.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 46754076 | 0.4¢ |
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Price($) | Vol. | No. |
---|---|---|
0.5¢ | 15939072 | 9 |
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49 | 46754076 | 0.004 |
12 | 24920341 | 0.003 |
9 | 20950499 | 0.002 |
6 | 12300001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 15939072 | 9 |
0.006 | 12270906 | 13 |
0.007 | 10905828 | 9 |
0.008 | 17520278 | 8 |
0.009 | 3686120 | 3 |
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