I rarely average down these days, but today I did at the close...

I rarely average down these days, but today I did at the close and now that I'm full up I can post what I think as I believe the price has found the bottom.

Alaska
Disappointed with the Aurora results but we all knew they were high risk high reward. Poor results were pretty much priced in here, hence only 10% down today (but 50% in total from when they started). I do wonder if the drilling, towards the end of the year, was done to ensure that the first year earn-in value was met? Had the earn-in not been in place perhaps some of the other prospects at East Pogo would have been hit up first?? Just a thought.

Sunrise has not been mentioned before as far as I can recall - can anyone confirm? So today's announcement should have been seen as a bit of a discovery (albeit from trenching only) which has the potential to generate value quickly in 2021. Amazingly it's roadside and only shallow drilling required, so low cost. Results from 25 holes will be interesting.

Australia
A presentation is due in Jan on the recently acquired copper project. This may include a drilling timetable and look, honestly, I suspect management will want to get the share price higher from these lows. The copper project will be an opportunity to do that now that news flow has ceased from Alaska for a couple of months.