A sizable MRE is a start to bankable indicated and will add value at the round table. This need to increase from the current 2.7mloz Brama and av 1.2moz at Limon which gives STM around 4mloz. Patrick said surprise to the upside. Puting 5mloz or better on the table, bankable, for interested parties to participate would be a good result and a definitely much more in ground value Eq than the current MC.
Hope there is a surprise to the upside as PD said, I just don't see a major rerate in MRE over and beyond 4mloz for Brama combined with the results returned recently. Understand Patrick said 10mloz target....but.....OK, see what the upside surprise is. I'd be happy with 5mloz and the SP to resemble Eq in ground value. Gold doing well at $2520 USD today.
STM Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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