So if they get a Jorc for oxide for say 2Moz, and the SP would go to 10c, oppies would go to approximately 9c.
after that we may have a feasibility phase where the SP often takes a dive.
woukd you sell your oppies at JORC?
NVAO options, $0.0325 strike to 31/8/20
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That depends on the activity and newsflow following the JORC. You also need to take into activity across multiple projects and prospects.
Gold market is a significant factor at play at the moment. Gold bull can play out over many years.
If price does drop off then ramp up of Estelle exploration in June and July of 2020 could bring a recovery.
You really need to make your own decisions though.
Edit - pretty source of chart is same twitter user above.
Last edited by wombat777: 24/07/19 - There are more pages in this discussion • 174 more messages in this thread...
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