Golden Mile Resources Market Cap around $7.62m SOI around 544m SP 1.4c
On Friday, Golden Mile Resources announced visible copper intersections in 7 out of the 10 holes they drilled. Assay results are anticipated in "the coming weeks". The share price dropped 22% on the announcement. Not sure if that is because traders were expecting results rather than just the end of drilling or were expecting more holes in the campaign or just too much of a SP rise going into this announcement. I'm thinking that for a company with a market cap of just $7.62m, the assay results only need to be half decent for the SP to rise. Visible copper doesn't guarantee good results but, together with the low market cap, I think it is worth a punt. Just hope those results come in within 28 days.
