Will depend on future drilling results and, to a much lesser extent, movements in the POG. You can't expect them to keep rising indefinitely. They've had a great run and probably due for some consolidation and profit taking.
More drilling is due for late August and the share price may begin to rise again in anticipation.
If more great results come in, then $1+ well within range by XMAS.
Of course, 'unknowables' like deals, a big institution taking a position, coverage by a major advisor, or a deterioration in POG could also impact.
I personally believe downside is limited because of discoveries already made, the reputation of the exploration team and significant assets to be drilled.
Cheers,
Just my opinion, so DYOR.
S2R Price at posting:
67.5¢ Sentiment: Hold Disclosure: Held
