There's no doubt that the recent run to 5.5c on Monday was influenced by the rally to 25c in SGQ anticipating positive drill results at their Mt Alexander deposit. LCY run to a top of 1.6c on Monday for the same reason.
The value of Mt. Ida depends very much on what SGQ finds in their drilling program.
Our gold potential awaits more details and a timeline.
It won't take much to rerate towards 10c so I'm holding and waiting.
Ann: Anglo Saxon Gold Project - Approval of Mining Proposal, page-46
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