Hi Hoist1Surprised not to any predictions using TA on a break...

Hi Hoist1

Surprised not to any predictions using TA on a break above $3. Think the problem is similar to what extract resources experienced when they found a high grade uranium deposit. It took some time to properly value the resource in the ground, and there had to be some profit in it still for people to buy in. The company was eventually bought lock, stock and barrel when 91% of shares had been acquired.

Have done some pretty simple calcs on volume for just the small area that is being drilled at Balama. My prediction is when the assays come in this month the SP will go to between $7.50 - $9. After SP meets resistance I expect there will be a pull back of up to 50% before the JORC compliant resource report is commissioned. In it for the long haul so not to fussed about the daily gyrations.