Huge profits were made on the run up to 36 and inflow to the rising 25 points All Ords of the ASX. As soon as the fallout began profits were taken and the sentiment merely followed the spiraling All Ords. Support was established several times when SP hit the 25/25.5 mark and held. Purely profit taking in a falling market I would say and nothing to do with the exception grades encountered.
If the market holds today I expect THX SP to hold and rise. 15.6mtrs @15.2% including 7mtrs @ 28.4% from this feeder pipe at shallow depth would you expect that to be a 1 hit wonder. Chase the feeder pipe to its source and the grades should hold one would think if not a bit better at depth. So whats the width of the this feeder pipe, not just a fluke to enter a 1 mtr wide pipe would you say.???? Will the next round of drilling in early August confirm the width.???
I think today further support will rise the SP due to the understanding that there is a very good chance that this is a massive system and a major discovery to be confirmed further with more excellent results to come, not just a simple 1 hit wonder as news travels.
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