The presentation is the one they talked through at this mini conference yesterday. Lodging presentations don’t necessarily equate to an impending raise. The last preso they lodged was from the AGM so they were due for an update to market.
Highlights were: mention of 10km epithermal strike potential and that we are lower in the system than I was expecting. I was worried there for a week or two the core of the porphyry was too deep. This does not appear to be the case IMHO.
I don’t think this share price movement is some speculative and irrational rocket spike the board must cash in on before it evaporates and crashes back down to earth. It’s a re-rating IMHO on significant potential supported by results. I expect they will raise once we hopefully get another leg after we can confirm the grade and width trend continues down dip. More copper will get tails wagging too.
Look, if Evolution, Newmont or FMG want a little piece of the pie then sure. However, even with that strategy, look at MAG! Momentum dead! Too busy deliberating with a JV partner about where to drill the next hole! No thanks!
WTM Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)