The upcoming assays are clearly the key to a step up in share price. I think now that the scale of the surface mineralisation has been demonstrated, if the assays come in with decent widths and grades, in a manner that validates the magnetics and the rock chip results as leading indicators, there will be a very large re-rate.
That's because the potential that a very substantial resource exists on KFM land, will be seen to be quite likely.
Because of the previous results and today's announcement, some expectation is built into the current price, so there is downside risk, but the upside has now been improved, in my opinion.
The upcoming assays are clearly the key to a step up in share...
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