Massive resource. They have sold 11% of the project for 7c. They now own 49% of it.
They only had 60% of the project to start with, DRC own 40%.
At 16c what was the market cap? Around $300 million, so a valuation of $600 million for the resource in total.
I don't beleive the share price will go anywhere until about 3 months from production that's based of PLS and KDR which saw massive growth then both halved in SP while the nitty gritty of production woes came out.
LT this is a winner but short term this will not move up until a JORC is released, offtake agreements etc.
These awesome drill results only confirm the inside knowledge being passed on through Twitter, which I don't agree with at all.
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