That is a very simplistic way at looking at things. Most of the...

That is a very simplistic way at looking at things.


Most of the Pilbara goldies have been belted since last week. There's a correction, but you'll probably see a second gold rush come along soon enough. They tend to have a few runs. Some catalysts to look for:

* some really big fat discoveries rather than a few pebbles scattered around a small patch of dirt (not that today's announcement wasn't promising, but everyone wants bags of nuggets)
* some fieldwork results on the other two tenements
* neighbours getting some big news in (creates some sector hype)
* Novo (really galvanises the sector hype, and right near EYM)
* the collapse of Bitcoin

The SP will move on volume. Volume is driven by demand, which is driven by results, or a strong perception of results.

Don't expect a green day tomorrow, but the SP will settle and start its move soon enough. Should be one or two announcements by mid-December to help it along.