Spike high today ended right at the top of previous spike high, question is will the gap be filled below 55c or will SRK breakout from previous highs and confirm this as a breakaway gap?
FA; trading near cash backing, focus can now begin again on Peru iron ore project instead of the courts which put the sp north of A$2/share last year.
SRK also plan to build a 1.5-3Mtpa thermal coal operation in August with production next May.
Something has to give here....too much value imo.
SRK Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
