i'd have hoped 4.5c-6c was achievable purely on the back of...

i'd have hoped 4.5c-6c was achievable purely on the back of commencement of drilling alone, consistent with peers who achieved $20m MC pre-drill.

now that we finally have an acquisition in sight i'd expect a further premium. How much of a premium depends on the asset and terms of the deal but imo sub 6c pre-drill is cheap now that an acquisition is in the mix.

Add further speculation/gains as the drilling campaign takes place and perhaps 8c-10c isn't out of the question.

We finally have the triple threat in the short to medium term
- drilling commencement (1 - 2 weeks away)
- acquisition (annoucned next week, deal close maybe a month or 2)
- drilling results (steady newsflow over the next few months)

if we hit anything consistent with Clayton Valley, all bets are off

Anyway, nice to see the light at the end of the tunnel. I admit i got a bit grumpy after the raise so happy i can finally get over it and move on! Sentiment is back to buy.