No resistance here until 18 -18.5c
its been there twice recently Nov 15 and mar 16
i am thinking guys are positioning themselves for Bird in Hand Gold news.
"The Project has an Inferred Mineral Resource estimate of 557,000 tonnes at 13.0g/t for a contained 233,000 ounces of gold (at a cut-off grade of 1.0g/t gold), which represents one of the highest grade gold deposits in Australia. The resource is open at depth and along strike. The Resource may be increased through additional exploration in the vicinity of the Project"
There is very little if any capex as they can use the zinc plant at Angas for Gold. Using todays Gold price of $1280 and a 74.5c conversion its $1718 AUD
233,000 ozs is $400,000,000 with no capex.
This will easily fund Tala Hamza.
cheers
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