Definitely the JORC estimate delays combined with market jitters killing the share price. Some holders are understandably disgruntled about missing opportunities with lithium and other hot markets while their money sits here.
Mike Skead is leading the exploration work at Dynasty and hopefully is putting the necessary groundwork to show size and scale. The more work done now will hopefully give us a better chance of clearly demonstrating a multi million ounce resource with potential for more. The latest drilling shows continuous vein structure and larger haloes around known veins providing further indications for potential increases in resource volume. Drilling has extended the depth of the vein zones by up to 250m from the surface.
It should also be remembered that this is just Dynasty we are talking. Certainly feels like our other assets are not being factored by the market. We have serious potential with Linderos, Copper Duke, Jerusalen, and Copper Field. I agree that waiting for the Dynasty JORC estimate is testing but I don't believe there is any indication that our resource estimate at Dynasty will disappoint. Directors are purchasing on the market which is also encouraging.
It has been a tough hold and I don't begrudge holders for seeking other opportunities. Personally I believe we have the right people to get some decent reward for our assets.
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Definitely the JORC estimate delays combined with market jitters...
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