this is the base case scenario and the basis for moving forward....

this is the base case scenario and the basis for moving forward. its based on a 8yr mine life and if thats all there was then it probably wouldn't get off the ground.

but they are in elephant country and probably looking at a larger project with 20yrs+ mine life.

they need to drill and drill which will take years and multiple capital raisings. there may be a time with a better entry, maybe not and thats with more positive news or not. they need to increase grade and size and the market will get more excited over a period of time or if they cant do this then they'll go bust.

just depends which way you think its gonna go. i'm waiting for more drilling.

the share price drop was on lowish volume considering the occasion. could be people who know more than most and didn't like what they read or it could be the people that were expecting more because they've convinced themselves this is the stock that will make them rich only to find out they were dreaming.

whats it worth, market says 12c at the moment