Nice close today. Hopefully should be back into the 40s by end of week but looking nice and tight.
GS, with the exploration potential of the belt they will be aiming for around 1/4MT resource. This will be possible IMO with enough drilling and $'s. However they had to get the old WMC database cleaned up and correct before any drilling can be planned or it could be huge a waste of money. I would rather they took their time and got it right rather than waste $'s on dry holes due to poor planning and geological knowledge.
IMO they could be looking at least an additional 100,000m of RAB/RC/diamond/ drilling to sufficiently test the belt which would take at least a year to complete and would be looking at around $5-10mil.
We also just have to be patient on the deal. There is nothing anyone can do to speed this up. It is up to Norlisk to make the decision.
Nice close today. Hopefully should be back into the 40s by end...
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