re: Ann: High grade results from Hargraves So... markets are a strange beast, the only thing imo keeping HEG from moving higher is the Elboz effect. Unless new buyer interest develops to counteract, and these sorts of announcements certainly help, then the Elboz effect will dominate market action. For instance, I'm keen to add more but think prices will sit in the 20-23c range while the Elboz's keep selling, so feel no rush to go out and buy.
Ramelius (RMS) also have a nuggety resource. From their experience, defining JORC resources has been a meaningless exercise. 70Koz at 12g/t JORC is looking in actuality more like 250-630Koz at 40-90g/t; but for some stupid reason being market valued as if it only has 70Koz.
Ann: High grade results from Hargraves South BNH , page-9
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