If they made a hit of anywhere near that magnitude the share price would be close to $10 and we would all go for a holiday for the rest of our lives.lol
I would be more than happy with a couple of hundred metres at 1% Cu. That would more than likely give them enough leverage to organise a JV on reasonable terms and see the oppies well into the money.
I agree that it is only early days and they will be sweating on making a hit for the option money.
Made my biggest paper loss ever over the past couple of days thanks to CRJO's so I have no option but to hang on but am not worried at all at this stage. If results are nil by the end of August I will probably start to look for a cliff to jump off. If I had any spare cash I would buy more at these levels.
The old saying "No guts no glory" If they don't hit anything it will be "All guts very gory"
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held