Resistance levels are old highs, so 6c, 7.8c and 8.7c. I think that RAU will climb up to 6c quickly. I may retrace down to 4.3c, mainly if the overall market will change sentiment. With good assay results, I think it will go above 6c. Since they are drilling below the old pit at Mr Carbine where there was an orebody, they are bound to get good assays. Also the drilling into the tailings dams should give good results.
The big question will be where they will get the money to buy Mt Carbine... and where will they get it to develop it? I believe they will try to merge with a bigger company, which will raise funds more easily.
These are my personal opinions. I am not an advisor! Do your own research and draw your own conclusions!
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
