Ann: Significant Mineralisation Confirmed at Lingokoto, page-10

my take with resource drill results are three possible scenarios.
A) spectacular number at the grade level which will attract big short term buzz for daytaders to gap the stock on open trade it for a day or three and then it die out. this is evidence with examples throughout the year.
B) great result but not the instant obvious attraction of A)
C) a duster, results have found either too small, too low grade uneconomic viable results

Erin annc yesterday was classed in my view as (B).

The grade is still very good but i guess not that ramping double digits g/t daytraders hope for. The real key with the announcement i think traders are missing is the size of the area they drill results covered, all along the 1km strike length with good possibility of it extending further as the other 40% of the drill results become announced. that type of area of coverage can indicated a plus 1mill oz reserve.

So while scenario A) would have provided lots of fun, option B has the article in the australian eludes is still a very good outcome.

and certainly all SH's are glad it wasnt option C).

time will telll.......