Its been at least ten days since the drilling at Lake Johnston was completed and assay results were expected in "October". Risk/reward, I think there is a lot of upside here with not a lot of downside with the market cap just above cash and share backing (AGO/WRK). The SP has also held well at the 20-21c support level following the SPP. If the gold drilling is sucessful then 50c is probably an initial target.
I am guessing also that the Nickel drilling in Forrestania should have also finished by now. A second bite at the cherry, but personally I think this is the kicker. If they can strike another Spotted Quoll or Flying Fox at 6% nickel then we are probably closer to $1.
The third and fourth feathers here are the exposure to any price movements or takeover of Atlas and the nickel drilling at QV rocks by joint venture partner, Vale in Oct.
Lot of things due this month and waiting with increasing anticipation.
lake johston gold drilling results due soon
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