Andrew,
There is very little available in the 30's, I should know as I have spent the past three to four months chipping away at this one in the 20's and 30's!
Those wishing to get on board will have to push it up towards the 60's to get any volume of stock.
One thing that holding a tight stock is that it can go days/weeks or even months without any volume or movement. However as soon as news hits the markets it can multi-bag in the blink of an eye!
That is what I expect here. They will Jorc up a substantial resource, probably before too long and that in itself will support a substantial re-rate!
Just wait until they get the drill in the ground and announce results!
Next couple of months smart ones will accumulate all they can and then just sit on their hands and wait!
Given the size of asset and the location I've got a good idea where this one is heading!
cheers
Rice
what will be next, page-7
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