It was a very good announcement and more proof that BRB have a major greenfields discovery on hand. However, the gold sentiment is negative and BRB has a CR issue hanging over the company. Until more funds are obtained, one way or the other, then the SP will face a significant head wind.
Until gold sentiment improves then hot money will not come back into the sector. The SP will not get that excitement bump until hot money comes back.
Until BRB conduct some studies we will not know how economical this gold discovery will be. We can only speculate.................. and as already mentioned the speculators have left the gold exploration sector.
Predators will be stalking if this is truly the major greenfields discovery purported by BRB. Should be entertaining to watch over the next few months........ pass the popcorn!
Cheers
BRB Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held