Sudden drop of 14% in share price seems odd given that ENR made a very positive announcement on its Tanami projects. Positive because assay results due soon and ENR announced further drilling on very large 0.1g/t gold geochem anomalies along strike. Normally the 100ppb or 0.1g/t or ppm contour is a lot smaller over discoveries. Being in JV with Newcrest, all ENR announcements will be vetted by NCM to prevent any statements that could cause a lot of speculation before the assays are received and checked against standards, repeat assays etc. Along structural strike of Newmonts Callie +14 million oz operations. Newmont has been busy mining there for years with excellent grades and does not make announcements on ASX. This gravity structural zone is way underrated and more than equal to Newcrest's Telfer gold operations. The market does not understand this much.
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Sudden drop of 14% in share price seems odd given that ENR made...
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