I’m with you 100 percent but if I talk of a resource 5-10 times bigger you are looking $3-$4 and people will have a cry I’m ramping. So conservative approach and realistic one puts us at 50 cents around March. The delayed appraisal is back on and returning back to 15-20 cents fair value when the discovery was first made.
Monday it is running and the move will be very aggressive as Jan sets in and there is 1 month before appraisal. Nothing moves from 7 cents to 50 cents in a day hence why the rerate continues. We should be trading between 15-20 cents just as IVZ, STX and WGO priced in months before
May Chart, page-4748
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