My view is that the recent rise in the SP has been predominantly driven by retails gradual realisation of the legitimate potential in MYL's exploration targets and existing resource. I see no reason we can't push well beyond 8c from this source of investment alone. This growing awareness is somewhat evident anecdotally in the number of previously unsighted users now posting in MYL threads. Improving market sentiment loosening the grip on withdrawn capital following the recent period of uncertainty has no doubt helped as well.
Insto's may be happy to forgo a lower entry point in exchange for reduced risk on the back of a sound PFS or further discoveries; understandable given they're generally dealing with large amounts of other people's money. If we continue to tick boxes that risk/reward tipping point will come.
Cheers
Dave
MYL Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
