This looks and feels like a little "c" off a long base with all under 11.5 being a long base with depth x 3 and breakout about 8.2 / 8.8 with nice volumes we havent seen for some time.
Doesnt look like 11.5 is posing too much of a resistance as this sleeper finally awakes on back of announced multi target U-drill target program already underway in NT and USA U-belt.
And that little gap may prove to be a breakaway depending on whether anyone wants to risk losing their holding ahead of such exciting stuff now underway.
Next few days will tell whether we pause around here or continue toward 2nd primary target abt 24 +/- to confirm we are in a little "third" in its new first primary upwave off the ridiculous all time lows.
Still only 11 mill market cap and no-one has told me what our DSO iron ore resource is under 40% JV with GBG which is also rearing its head (630 mill market cap) ahead of significant development program leading to first exports next year. Would love to know now even tho the U is the first cab off the rank cos that will determine up to what market cap my super fund will be willing to accumulate for core.
Emerging champion for mine and market is looking for such animals right now.
IMBOOC
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