The move above $0.32 is significant. This now opens the door for a move back to $0.40 in the near term.
It looks as though the overhang has finally been absorbed.
With the last of the drill results being processed and the pump / flow testing results also due, all going well, this should be received well by the market.
Iam particulary interested in the S19 hole that is being drilled beyond 200m & down to the 390m level. To date the resource has been open at depth upon finishing the drilling at 200m, it will be interesting to see if this continues down to the 390m level. IMO this would be huge in terms of the overall resource and the upcoming resource upgrade to be delivered to the market by effectively doubling the depth / size of the known resource.
LPI Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
