There is much more to this. The price has shown excellent strength and demand since CR announcement.
There is a reason for the strong demand. The Kurnalpi projects is very prospective land package, in a region surrounded by big players and treatment facilities.
It is also interesting that 20% of the Kurnalpi Projects is held by Serendipity Resources Pty Ltd, which is owned by the guys at Raglan drilling and geology.
Raglan know the area well (their backyard) and actually have a video series on discovering Gold in the region. Some of the few notable Raglan drilling clients, St Barbara, AngloGold Ashanti, Breaker Resources, etc.
How often do you find a gold project where a reputed drilling and geology company holds 20% free carry to mine?
Raglan drilling: http://www.raglandrilling.com.au/index.html
Raglan geology: https://www.raglangeology.com.au/
The results are located within E28/2581 and E28/22582 which is owned 80% by Riversgold Ltd and 20% by Serendipity Resources Pty Ltd and subject to an exploration Joint Venture, whereby Serendipity is free carried to Decision to Mine.
Pull a company report on Serendipity Resources and you'll obtain a better understanding. This was not a P&D CR, nor was the volume prior to the CR for that purpose.
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