Think they are relying heavily on "Big Vein" to push the SP a fair bit higher.
Previously they had almost no cash, seemed to have lost or pushed out their head geo and had absolutely nothing happening, so it was looking pretty dire.
From what I remember of Big Vein the one hole they drilled in the eastern most area hit a BIG grade (>30g/t with 1m@90g/t) but was only 5 m width.
However there is over 800m of vein strike in in both the east and western portions, so it could be an absolute corker if the grades continue along strike and to any depth.
e.g 200m strike x 100m depth x 5m wide x specific grav 2.7 = 270000t @ 30g/t (unlikely!!!) = 261,290 ounces
Was very shallow mineralization as well.
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