Yes amigo, I'm guessing that the resource at Lewis Ponds will grow from the exisiting JORC-compliant 400,000 oz of gold (plus base metal credits). The recent announcement by GRL on the geochemical survey at Lewis Ponds is very encouraging. Also we don't know what the team will find with the drilling at Gundagai - but so far it is promising. Today's shareprice at 14 cents is 6 cents less than the free options which are due to expire in June 2022. It stand to reason that the company will make every effort to build the shareprice to well above 20 cents by mid-2022 (so that an additional credit raising is not necessary). It means that a purchase of shares today gives you a good discount when compared to the options. A simple chart (below) shows that buyers and sellers are sitting on the fence and have been ddoing that for 6 months or so, just waiting on the next bit of news - good or bad or so-so. I'm with you - next payday it's time to top up!
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