That was my point earlier and why I questioned the suggestion that the SP will soon be on its way to $1. Don't get me wrong; I hope it is, but I think as a stand alone gold project the market was showing a lot of resistance to it prior to the lithium news. For several months prior the SP had a habit of rising on good-sounding assay results and then falling back soon after. I guess it all depends what quality of results emerge from the Stage 2 drilling programme and the scoping study to follow. If the SP got to, say, 50c by the WR1 record date I just feel that it might retrace soon after the detachment. Around $80M MC at that SP isn't exactly exorbitant but given the market's previous reluctance to take Sturec as a serious prospect It does make me wonder. On the other hand I think the WR1 IPO will be well received by the market.
MTC Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
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