Hole 51 is obviously the news everyone is currently waiting for (hole 2 of the 8 program), so I thought I would speculate on where the share price might go in the short term. I’m very bullish on SVY, but the market is going to react on this drill hole, so here are my thoughts.
50m at 1% copper - 60c
50m at 2% copper - 75c
60m at 2% copper - flat
60m at 3% copper - $1.20
60m at 4% copper - $1.50
60m at 5.5% copper - over $2
80m at 6% copper - over $3
Obviously gold, silver and nickel will effect the share price, but this is my thoughts for a rough form guide for the punters. Time will tell.
Hole 51 is obviously the news everyone is currently waiting for...
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