I disagree slightly with you on that one. Same grade deeper potentially doubles the resource making it amenable to cheap UG mining [will wait for the mining engineer to confirm].
A larger JORC is important and should keep the market happy whilst BB uses EM to hunt down some massive sulphides with potential for Nickel IMO, higher grade zones or reports twin DOFs, etc.
I suspect profit takers assumed there would be a large enough gap in time [Xmas break as well] to get away with a sell off before more news flowed in prior to a JORC and SS where some NPV numbers can be estimated. Easy to say in hindsight and I was a little surprised.
Moving forward, I can see this rising to 20c soon enough before significant catalysts take it further: especially because I see our psuedo peers crumbling with a few exceptions.
We may have an AVZ-like sudden rise given the speculation of this being taken over so I won't be playing Russian Roulette at all. Cobalt FOMO will probably cause massive momentum as well so I'll just sit and wait through 2018.
Looking for a nice 50% CGT discount on profits which usually outperforms the pluses and minuses of trying to predict the swings [missing those 30%+ days can be painful!].
;D
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I disagree slightly with you on that one. Same grade deeper...
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