Some good posts on here for someone looking to enter the stock, particularly on the drill result depths and grades interpretations. i presumed anything deeper than 300m is high cost, not fit for open cut and requiring a significant grade to justify mining.
Sounds like the correct way to interpret these results is it is an economical high grade at an acceptable depth and indicative to warrant continued drilling over a very large exploration area that is open in all directions.
Despite a 50% re-rate a $100m market cap appears to be very reasonable for the current resource, this discovery and further drill potential. i know that sometimes you need to buy the announcement (as long as you can decern it is not just a pump, certainly doesn't seem to be here).
if anyone has more advice for someone new to this stock, it would be much appreciated.
ARL Price at posting:
77.0¢ Sentiment: Buy Disclosure: Not Held
