In waiting for this announcement I had a couple of concerns which I think have now played out. Firstly that retail punters would not pick up the fact that most of it is from surface giving us extremely low capex and open. Secondly that the prospect/find covers a very large area with many more results to come.
While these were my fears for the average retail punter, I have no such fears for the sophisticated punter and the industry in general. When the dust settles, probably not till after the remaining assays, it will be very interesting to see the industry response. We are now putting together a suite of valuable assets and I don’t think bigger players will continue to stand on the sidelines while we have such a low market cap.
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