A Rally in the SP today up to 7.4c after being sold of for the last 4-5 days may be a sign of a "leaky" boat.
My post from 24 Oct regarding the Announcement by SPX - Maiden Resource for Penny West is copied below and may be the cause of todays rally.
Perhaps the Assays for those 13 Diamond drill holes is coming out finally?
Yak52
--------------------------------------------------------------------------------------------------------------------------Post #: 41053597
Todays announcement has Assays for 13 Diamond drill holes with most below the current main deposit at [Penny North] are pending and "may" form the basis for future Resource growth.
13 Diamond holes beneath Penny North & West. What will they show us.
And if they are like others recently ie: were showing visible Gold what could their assays grade at?
If the resource continues in this direction how much "extra" gold can we add to the 355,500oz already in the JORC.???
Would this bring us close to the 500,000oz level?
And IF it does what does this mean for SPX and the mine? Lots of interesting questions, food for thought.
Yak52
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A Rally in the SP today up to 7.4c after being sold of for the...
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