good buying on solid announcement

Solid announcement this morning has brought in some good buys. The essence of the news, as I read it, is that we can confidently expect an increase in the JROC resource. New drills in previously undrilled area have returned better results than previously indicating the ore body extends quite a bit further.

It remains low grade but large volume so the company will continue in its confidence of commerciality.

Technically a close above 5 will be very helpful, preferably 5.2. Good thing is the double bottom looks firm and targets over 17cents with regular supply of good news now look feasible as an increased JORC will certainly justify the market cap at that price.