The Youkou deposit is only 50 km from one of Sundances deposits. The drilling is about a week away and if we strike 50 metres of DSO haematite n in the first holes we could very easily see the sp reach $ IMO. The stock is very tightly held and we have a substantial cornerstone investor on board for support. These things aurur well for a sicnificant sp rerating if we have a successful drilling campaign. I would expect an announcement that drilling has started late next week or early the following week. Fingers crossed.
MBM Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held