Definitely extreme value at this price range, especially if the porphyry is found .After my initial purchase for my SMSF @ 15c ,the SP has struggled , might play cat& mouse for a couple of weeks and see where the bottom is , at these price levels a couple of cents is 20kshares on every 10k investment, sick of buying low to see S P falling lower right across my holdings.
In relation to CHN, I remember it's final low of 10c in late 19 , I didn't buy there but picked up some at 14& 17c around an extra 102000 shares on top of my earlier purchases ,what an incredible ride that has been .
Could we see a rocket under SVY in the next 6 months, at CNB the price swings are ginormous from a low of 3.5c when I planed to invest a further 5k but my broker friend talked me out of it because he was worried it had become illiquid , missed that low but kept buying around 8 & 10c, we have seen $2.20 back as low as 65c and up again to $1.80 as you can see things can get crazy with a couple of good drill hits.
One of my strong positions is in a company called ENR , some of you might know of it ,incredibly well run organization and in my mind very similar to the diligent CHN operation , oddly most of my investments are in PRECIOUS METALS MINERS ,although my greatest gains have come from base metals explorers, maybe the far less shorted because they pose no threat to the masters of money.
At any rate if we hit 10 c ,I think that's rock bottom, so any buy at these levels is great, a couple of cents won't be an issue if SVY finds its legs and rockets to around $2.
GLTA & DYOR
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