I think you have to look at the mcap of the company, the potential resource, the likelihood they will prove it up and the time it will take, as well as the economics of digging it up. Complex guesswork at best.
essentially it ran too far on hype in the early days, now it has probably came back to far. Given they are extending the known zone it cant be all bad. And yes, they always drill to good bits first if they can....and guess what..its not as good in every hole.
back in the buy zone. we have a few more samples but then a lull until they release their inferred etc etc.
and no more drilling til may may means no more results until June july.... so.. timing is everything.
RML Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
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