We are up 50% in under 2 months, but the good part is we are still well below the valuation estimated by the scoping study (7c excluding our cash) based on just half of our jorc resource (to 100ms deep).
The study did not examine u/g mining potential of the other 50%.
10c/share valuation with u/g mining of the other 50% of the jorc?
It obviously also could not work on the East vein and GH, both discovered after the study was completed.
Another rapid 50% seems quite likely over the next few months as long as the drilling confirms decent depth extensions of new discoveries (quite likely) and as long as the gold sector continues to hold its gains or climb further.
Another 100%upside from here is fundamentally justified if GH lives up to its potential near surface only (to 100ms).
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