dd... a lonsec perspective, page-8

Great post Mister Moon.

IMHO, AEX will announce grades and depth with no increase in status of JORC compliancy. Not entirely impossible though. If they do, it will skyrocket. Again, if the grades are whoppers, which is unlikely, given all the information known within the public domain, she will also move into new ground.

If not, the normal selling pressure will apply post drilling and she'll fall away to meet the price of a placement and/or SPP.

I am not debating the inferred resource - that has been signed off. It just takes time and money to prove things up - cash is drying up. I am aware of comparisons both local and o/seas - it still remains unlikely IMO, but you never know.

Therefore, when the anouncement comes, the larger punters will be looking at:

1. JORC compliancy upgrade?
2. Grades and depth?
3. Au grades - which have been swept under the HC carpet for some reason,
3. The details and location of the future drilling progam, and,
4. Funds needed.

Technically, 5.3/4.8 are significant IMO.

High risk U spec with all the associated risks where entry and exit points are all so important atm.