BRB 0.00% 47.5¢ breaker resources nl

Ann: Quarterly Activities Report, page-38

  1. 50 Posts.
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    Personally I'm too risk averse to have large positions in exploration companies. Hold on for the ride. Bear in mind, that I think most holders are expecting at least 1 MOz if not more, and a lot of people trade on news. What this means, is that if the first resource announcement comes out below 1 MOz, I would expect a lot of people to sell, and the share price to fall. My personal opinion, is that this would be a mistake. If the initial resource only comes out at say, 700,000 ounces. It's still shallow, it's still easy to liberate, and it will still be mineable. In short, it will in my personal view, still be worth more than its current $79 Million, and thus I'd be content to hold on for the ride. If the grade is significantly lower than expected, or some other adverse variable raises its head, then I would reconsider. There's a lot of work between now and mining...
 
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