I think we fail to understand the significance of the Think Big / Golden Mile South Extension drilling... at first glance it seems like 2 gpt type of a gold resource - not worthy of a second look...
yet, a lot of sophs have been given an opportunity to top up in CRs and they have obliged without any hesitation and NO DUMPS post CRs have been observed...
I am of the opinion that these punters are not just having some blind faith on AAR but have done their homework and are aware of the significance of these drill results so far... not saying that they have found the southern extension of Golden Mile but the prospect of finding even a 10th of that is enough to get the sp above $10 (At current SOI) is easy... even with massive dilution as and when more CRs occur this could prove to be the next SBM at the least if not more...
and then add the possibility of PoG firming up to US$1,500 in 2019 and some say $1800+ by 2020... this is a recipe for a heady mix if a small extension of the Golden Mile is uncovered...
I used to take the AAR drilling a bit lightly but that article posted a few weeks ago (read it 3-4 times to get the gist of the whole story) has me wanting more of AAR... I am hoping for a big market crash that could get me some AAR cheap (worst case) or doing a monthly SIP and buy a fixed $ value of AAR at the then prevalent price of AAR to get a bigger exposure... I am pretty sure we are on to something and that is why we have had a 30 fold increase in the MC without a single correction (and this is BEFORE the general market has even got a whiff of what is happening here)...
of course, it could all be dust out there as not many have been successful in finding the next Golden Mile in the last few decades... I just love a moon shot once in a while
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Open | High | Low | Value | Volume |
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1 | 38000 | 0.064 |
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Price($) | Vol. | No. |
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