Well, it looks like one of the main determinants for gold...

Well, it looks like one of the main determinants for gold miners, the POG, remains relatively positive. So far the pullback has been technically reassuring, with the retracement oscillating around the 23.6% .... a breech of the 50% retracement level (US$2200) would be a different matter.
Note: the A$POG has retraced more, because of the relative strengthening of the A$ vs US$.
The "drill results" should not be surprising - this mega ore body is expected to reveal many more .... hence the confidence in a very long LOM.
The loose talk about renegotiation of the merger by both RED & SLR fanboys in favour of better more "equitable deal" is fatuous - both BOD's have agreed after many months of negotiations to the deal, and although theoretically SLR SH's can abort, RED can't unless a better offer magically appears.
This seems highly unlikely at this point as not one credible whisper about GMD has surfaced - GMD is the only alternate deal that makes sense.
The UBS switch to SLR from RED ensures that the YES vote will succeed, and UBS will become a new RED SH's after merger complete.
So, settle back and hope the market remains intact, along with the POG, so Big RED can emerge in calm seas, as .... REDLake ? REDGiant ? REDhead?