Think i will stick with the fundamentals.
On the basis that there is a preliminary global JORC estimate re Lance from the 912,000 metres plus drilling already done, by March/April and the initial defined JORC re Ross by June, i expect a significant uptrend in this stock by June 30 2010.
The US $1 million spent to acquire the remaining drilling data and a plethora of other relevant data (what would the replacement cost of that be?), of which the replacement drilling cost alone is estimated at $US 60 million, will be seen as an extraordinary good move by June 30 2010, in the wider market.
Hats off to Gus and the team.
I would be more than happy if it downtrends over the next month or two as i will pick up a few more.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 30001 | 0.081 |
10 | 2384093 | 0.080 |
2 | 10164 | 0.079 |
1 | 100000 | 0.078 |
Price($) | Vol. | No. |
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0.083 | 25000 | 1 |
0.084 | 20000 | 1 |
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0.087 | 912531 | 4 |
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