For those interested an updated Bell Potter report should be out soon I would have thought. The latest news is material and should result in an increased valuation target (from memory in their last report it was $3.13).
Even though it has risen 50% in a month it should add a further 50% by the end of the year imo.
Apart from starting production earlier, I am pretty excited about the potential for further mineralisation in the huge anomaly they have found. Drill results there will be very interesting indeed.
A pullback was absolutely inevitable and necassary before it moves higher again. Good opportunity for those who have missed out on the latest run to buy on this dip. Look forward to a further climb to $3 before year end and then $4 in Q1 2007.
SRK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
