I'm wondering what you expect the SP to do in the absence of a major discovery in the next month or 2.
I'm certainly not advocating anyone to sell, way too much 'likely' drilling happening.
You only have to look at what the SP did with the announcements about copper on 5/3/24, 10/4/24 and 17/5/24, about the Yeneena, Jessica and Sandover projects, the price did nothing, despite the following headlines to the 3 announcements...
Significant copper anomaly
Copper in first assays
Significant copper mineralisation
IMHO the market cap is high based upon the West Arunta ground looking highly likely to discover a lot more Niobium. But every drilling campaign without highly positive results will probably see the SP keep drifting like it has for over a month.
A little bit more at Emily or Green or in the Hurley/Crean/Hoschke corridor, without being an outstanding increase, probably wont add much either IMHO.
ENR Price at posting:
50.0¢ Sentiment: Hold Disclosure: Not Held
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