RE: Jorc will break 8p range31 Oct 2025 14:28
It's more baffling to me why anyone would question this? In case some have not noticed, BRES has already risen over 150% from its lows. Clearly, this move has been driven by anticipation of the upcoming JORC and DFS in the short term, and then possibly funding and/or a sale thereafter. What else could it be but this?
Now, if we've already seen the 7s in anticipation, why is it outlandish to suggest that when the first of these big ticket items lands, we will see the next leg up and into 8s? That's only a 20% rise from current levels. Arguably, a rather meagre and pessimistic target.
Take a look at the chart - if it helps, focus on the right side of it. What do you see? I see a very sharp rise that is now within touching distance of arguably the last key resistance level in a multi year Base. I see BRES threatening a major breakout! No guarantee it will happen of course, but all the signs are there that it is threatening to happen. Again, this must be because we are approaching the first of the big ticket items landing. What else could it be?
So overall, both technically and fundamentally, the stock is aligned, or aligning. That's why some of us have loaded up. If it does breakout - and I would argue this breakout is looking almost inevitable - no one can really say how high it will go. On the technicals, I would say at least double figures. Can't comment on the fundamentals as we don't have the JORC/DFS NPV etc. All imo and dyor