Maybe. I mean, 1m interceptions are hardly catalysts for a rerate. I didn't even think this was worthy of its own announcement, tbh.
Having said that - these are bargain levels for a piece of Hayes Creek. Our cap decreased $5m based on this announcement. Ridiculous overreaction. Now at a measly sub $11m. Hayes creek announcements incoming + DFS imminent, whilst the Zinc price is surging - and yet people are selling out at near 52w lows. What a world
PNX Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held