Easy does it18 Dec 2019 07:24
Fantastic news this morning and all the more reason to remember why we hold here.
1) Every result from the last round of drilling confirmed or exceeded what was expected from the potential resource
2) The latest geophys shows the anomaly they've been drilling potentially extends much further than initially believed and much deeper than has been drilled
3) Even these 'deep' results are shallow by mining standards - all of the gold confirmed in the last month has open-pit potential.
Today is going to see some intense trading but don't be dismayed if the SP doesn't show 'major boomage'. We still have a lot of outstanding warrants that are going to be exercised and MMs who will fight tooth and nail to keep the price low to fill large orders for their mates.
At the end of the day a JV (or indeed buyout) is very likely given this news. This is an exploration company that has a major, major strike on their hands. This is worth much, much more than our current mcap. Literally the definition of a company worth investing in.
GLA