shouldn't be to far away, they are due to start drilling new targets this month according to announcement on the 21st of February. It states in that announcement that they will be drilling new targets found to the north and drilling to extend existing finds from last round of drilling.
The existing find is large as it is, but this drilling could significantly extend this (probable given rock sample results).
The new targets to North could add massive value given that they are 1.3 km in length, but highly speculative at this stage given no drilling there yet. But remember this company invests in research and they have a track record now of finding gold successfully, they just need to keep building this resource bit by bit.
At an 11-12 million market cap, AAJ is in bargain of the century territory as it could be argued that its tenements alone excluding Slate Dam could be worth near current market cap. We even have some lithium ground under application and some free carry in another gold tenement?
Whats the value of an asset that has the potential to be another Invincible sized deposit? Its looking positive so far, enough so to warrant a fast-tracked fully funded drill program!
The potential value of Slate Damn if we get more solid drill results coming in will be an eye opener for many, with more positive results a re-rate would be very fast, to fast to gain any sizable position. Now is the time to accumulate close to insiders in the raise at 2 cents, they know the re-rate is probably coming and IMO will not be selling. I expect this to run soon as people realise the opportunity to accumulate volume sub 3 cents is running out with funded drilling fast approaching.
If this new drill campaign strikes as well as the first, I think we will see this move very quickly towards and potentially over the 10 cent mark as people start to comprehend Slate Damns true potential.
That is just the start, if it turns out to be one third as good as Invincible on further drilling, 50 cents plus is where I see this going ultimately but that's dreaming at this stage
That's right, by my rough calcs and guesstimates we only need to be 1/3rd as good as invincible to hit the 50 cent share mark what if Slate ends up being better?
Id be afraid of not holding at this point in the game, trying to trade this one at these levels could see you locked out of the game very easily, levels like this near a massive technical support zone at 1.9-2.3 make for extremely good buying IMO especially with the imminent funded drilling.
The more traders we can turn into long term holders from this level the better we will all do in the long run on positive results. I know big money that wants entry to AAJ at cap raise price and will support it at that level so don't expect it to drop much from here. Also capping at these levels is unlikely as it is likely to get taken out. The lack of capping on depth is telling that stock is sought after here.
Expect down ramping over next few weeks to spike as those who missed cap raise (gadget man/talentless/midnight) try to scrounge for positions.
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