“throw in one timely announcement regarding drill/trenching results could quite easily push this to .062c to fill the gap”
I would think the first veins to be trenched (and results reported on) will be (from first few paragraphs of the announcement on 3 May 2012) the one that extends the “western limb veins under cover to the north and south (current results include 102 metres strike length averaging 32.62g/t gold open to the north and south).
Extending Old Pirate South (eastern limb) to the north to link current known vein strike length of 69 metres averaging 49.9g/t gold with a 62.6g/t gold rock chip in an outcropping vein 200 metres along strike.
Testing a second Old Pirate South vein not yet included in the resource where previous selective rock chip sampling results included grades up to 2163g/t gold, 1111g/t gold and 108g/t gold.”
Obviously average grades won’t be anything like as high as the selective rock chips, but does anyone want to hazard a guess as to whether the market is likely to like the first few sets of results?
I’m not just guessing what I think; this is why I have starting buying again.
When I have been saying I expect significant additions to the resource of at least 50% near term (and same for cash flow and upside to min 8c target based on current resource to 12c; I am not just making wild statements based on nothing but hope.
The evidence is there for anyone that wants to look.
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Mkt cap ! $7.937M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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35 | 59600137 | 0.2¢ |
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Price($) | Vol. | No. |
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0.3¢ | 105207093 | 45 |
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No. | Vol. | Price($) |
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59 | 146867949 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 99707820 | 44 |
0.004 | 18032005 | 17 |
0.005 | 3992123 | 6 |
0.006 | 3100002 | 4 |
0.007 | 4884000 | 5 |
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