With today's trades stock has reached oversold. Good entry price at the moment while Striker’s primary focus will be to assess the Palomides, Sacramore and Launfal diamond pipes which are part of the southern pipe cluster.
Ashton has identified an inferred resource of 7.8 million tonnes at 20cpht with an approximate insitu value of A$200m based on an average value of US$100 per carat and US Dollar exchange rate of $0.75 cents.
Will be expecting further news soon on the progress of the assessment with good results as SKR makes preparation with Ashton. That's all I could get from SKR at present as there are not prepared to give away too much news until offically released.
SKR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
