GBR 3.17% 6.1¢ great boulder resources limited

Morning all.I like your thinking @HeliosUKDrilling underway with...

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    Morning all.
    I like your thinking @HeliosUK
    Drilling underway with some results still due from phase 4.
    mc of ~$70m.
    Getting back to the Gold Price.
    I have a red projection and a blue.
    On a monthly chart the blue is what I am expecting.
    That could be a target of $2740.
    That would also suggest that the flag marked in red is the halfway point and makes sense to me.

    https://hotcopper.com.au/data/attachments/3721/3721104-0846e660afa97ffc4b65ab9787a032dd.jpg

    There is a threat of the US dollar springing higher which could give a ST drop in the GP.
    Here is the monthly.
    Now you see how the flag could be marking the half way point but also the C&H which is very mature.
    Any drop in the gp could bring about a rapid ST target of $1675.
    That just means a revisit to the recent low and is marked in that short red horizontal line.

    https://hotcopper.com.au/data/attachments/3721/3721106-a43efa40ec9345030af2da602efa9b1b.jpg

    Now we have our expectations of where we think the gp is heading, we can add to that our potential exploration success based on what we currently know.
    I am looking forward to a rapid rise in our sp if this plays out in our favour and I have high expectations that it will.
    Welcome to a new week and let's hope we see some more of the same.
    Kind regards, Wack
 
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