Personally I don't think the market priced in what has been some of the best results I have seen this year. We have a known brownfields project and have discovered another major pit 360m south of the existing pit. The announcement of the new discovery was published on the 02/11 and the share price dropped 23%. Maybe the market was only looking at grades and missed the fact that they have several hits of 50M+ of constant gold from less than 250 metres below ground. That's referring to Palm Springs which will surely go into production with outstanding results like the below, plus we also have the Juruena project..
this one is 100% a hold for me.
69m @ 4.4 g/t Au from 181m 55m @ 3.2 g/t Au from 175m 21m @ 6.1 g/t Au from 264m 34m @ 2.5 g/t Au from 170m 56m @ 2.7g/t Au from 181m 45m @ 2.3g/t Au from 259m 53m @ 2.1 g/t Au from 147m
MEI Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
