Not a concern - this announcement in isolation is not enough to garner the interest of the market - tough to assign value to it. 3c is high undervalued in my opinion, anything below that is a bargain.
Longer term investors know that today is a significant step towards validating a significant resource in the North-West Margin. Which is a pivotal part of the next phase of resource upgrades.
1st step - Upgrade the Montague Boulder resource. My estimate; confidence upgrade from existing 240k to ~400/500k oz. Timeline: Q1/H1 2021 (next few weeks).
2nd Step - Upgrade Northwest Margin - Mark has stated a minimum viable production resource here is ~1m oz. Timeline: H2 2021.
3rd and 4th: Achilles and Kashmir: Massive potential - not on existing estimates - any positive results here are a boon. Late 2021 and Beyond.
The market will respond significantly to resource upgrades - positive results are the steps that get us there.
I'm most keen for the Diamond Drilling Results - fingers crossed for repeat stacks!
Not a concern - this announcement in isolation is not enough to...
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