I think the real moves in SP will come after the MRE release in the next few weeks, when future plans are also announced (I hope). Before then we should see continued short covering as the main catalyst for SP gain, though they are good at holding price when they want to..
Overall these results are staggeringly great. Many of the really high grade intersections are double in length of those from early on when I modelled the initial MRE last year. Shows me they really have a handle on the geology and expected areas of high grade material.
From the map on pg4, it's clear there are 3 areas of exceptionally high grade material, which to me means a high grade starting mine with a mine life of 10+ years before even considering all the lower grade material of 1-1.5%, which is what most other Niobium explorers would kill for.
WA1 Price at posting:
$12.81 Sentiment: Buy Disclosure: Held
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