JC! You are right! The current share price should be a lot higher than what it is now. 2.6c doesn't even reflect Molyhil (Tungsten Project) alone.
A lot of people have overlooked THR. Some might not have realised we have GOLD as well (probably due to the lack of activities/annoucements recently). Springhill has 274,000 oz JORC of Gold at the moment. That's around ~ $457.6M of Gold in the ground (calculated using a rough figure of ~$1670/oz goldprice.com.au). Further DEEP drilling (happening 2nd Half this year) will strengthen our resource! Management belive there is the chance of Callie-style mineralzation (5 million oz of Gold resource). If we can achieve 1/5th of that (i.e. 1 Million oz), that's already 3-4 times the amount we have at the moment!
The Chinese are very interestd in further drilling results of Spring Hill.
NB: "Deep Drilling" target between 500-600m. Spring hill's 274,000 oz JORC was only drilled to 150m.
Very excited about the GOLD prospect & drilling 2nd half this year!
Kiddo
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