Imo: Results so far have been more than enough to support price
Good thicknesses continuing into 700N line - +ve
If those 2 holes had been pinched it could have curtailed the play short term. That has not been the case, train still chuffs along - +ve
Alot depends now on assays of thick zones on 600N (39,41,42,43)
If these assays continue to stack up - big +ve
Technically:
In the dailt time frame:
Price has shied away from 2SD limit of regression channel. Downside limit now $1.95 and would need poor results to break below here imo. Upside on good news now $2.45-50
In the weekly time frame:
This weeks bar can slip to $1.90 which supports the daily range outlook. Next weeks bar can range $2.05 - $2.65 without raising any eyebrows.
All gauges running at normal so far.
Cheers,
SIR Price at posting:
$2.07 Sentiment: None Disclosure: Not Held
