SP dropping, after some really great drilling results. It's a...

SP dropping, after some really great drilling results. It's a fickle market for sure.
If price hits 2.0c I expect market to exploit the undervaluation here (myself included). I dapped in here and am at 50% of initial investment (very small investment), which in the long term I expect to recover (perhaps with future capital raise (entitlement offer).
Historically, "The Star of Mangaroon gold mine has been the largest historic gold producer in the Gascoyne region. Between 1960 and 1983 it produced 7,464 oz of gold from 5,357 tonne of ore at an average grade of 34.8g/t Au."
Rare earths and good good resource .... however the institutional investment marker is very defensive at the moment , and the investment to convert this to a money making, ROI active mine is still a fair way off."
Is the closest processing plant Dalgaranga - Owned by Gascoyne Resources? Looks like about 80km to the processing plant ###mindat.org/locentry-1035193.html So if they transport ore to Dalgaranga it could be fairly economical to open pit mine.
and engineering firm GRES upgraded the processing plant in period 2017-2018 - ###gres.com.au/projects/details/dalgaranga-gold-project.aspx
Still resource to find, environmental clearnace, PFS DFS ..... etc, etc to go. Marathon ....
Best wishes to all holders.
Merc Out