Tough question! Let's assume the remaining holes are consistent with holes 3, 4, 5 and 6 and then there should be a significant increase in the declared resource size. That would hopefully lead to a positive scoping study in H2 this year. How much that will lift the SP I don't know, also bearing in mind there'll be a CR by mid year, as the qtly says. So far the successful drilling hasn't been able to inspire a sustainable rise in the SP and we keep falling back to around 20c. Presumably a resource upgrade and positive scoping study could justify something nearer 50c as long as the gold price remains at or above the current level. If that were the case I would presume a takeover offer would be nearer $1. Entirely guesswork of course!
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