With 4 drill rigs going flat out since around July 2010, (admittedly they have spent some time on backdrilling which they need to do) and an expansion of the strike zone expansion an increase (substantial imo) in the the reserve is definately on the cards there is no doubt about that....
If the reserve is in the ballpark of what we have all be predicting and talking about then this will totally change the ball game and rerate SDL as a bigger prospective company, if this does happen then it wont be just a spike but a sustained UPTURN.....just watch all the companies scramble to get a piece of the action and offtake agreement...this will start to happen over the next 2-3 weeks and will continue as announcements on Finance and offtake are finalised and made over the next 4 months...
I have no doubt that 2011 is still going to be the year of SDL...The IO Reserve is just breeding(growing) like rabbits (year of the rabbit)...
SDL Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held