$3 will be conservative.
I got in at 83, sold half at $1.35 , sold a few more at $2. Now back in at $2.90.
Classic case when the drill bit has reduced risk & I think now has less risk at $3 than it did at mid $1's.
Really , this deposit will be easy to mine ( relatively speaking ) with massive widths, low dilution and by road to a port ( let's not discount haul road to railhead on trans Aus line ( heaps of sidings on the line that could easily be used ) .
Oh - and only a very small portion drilled - you are getting real results for $3, and upside for free.
Cheers
Baraka
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$3 will be conservative.I got in at 83, sold half at $1.35 ,...
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