The 3D models are certainly good for transparency/trust. Seeing which holes hit, which holes missed, and just how optimistic the inferred resources are.
We've yet to turn a corner that would make me rush to buy more. Eg. if we hit something strong at Train which I expect to cause a big jump in NPV.
South results - slight positive. Train - negative/neutral, causing delays until next season. North - pending Valley - pending Surface samples - quite positive at Trumpet, including antimony, but not as exciting for the SP as actual drill results. Revelation, Shoeshine, Stibium - slight positive - being lower priority targets, likely to sit on the back-burner other than surface sampling. Studies - slight positive - room to deliver improvements to SS2's processes.
That's enough to stop the SP fall, as it's quite different than previously downgrading RPM, which was a strong negative.
But there was no news exciting enough to drive lots of buying. Needs some strong results outside of known resources, or within the Valley inferred to cause that. Needs to be stronger than South's numbers. North/Valley results have the potential to move the SP - being important resources in SS2's NPV calculations. North even has an extra later of opportunity - if the re-assaying showed strong antimony.
NVA Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
