People are like 'it's going to be a small resource'. Well so far it's small and of really high quality, but at the end of the day they've only received results for 5 holes. Who knows, this resource could run for km's horizontally, but also many meters vertically. People are to quick to jump to conclusions, and that's the difference between making money and losing money.
I can see 80-90c being tested on the release of the next results, maybe $1 depending on how many/grade of results released.
You'll get the occasional down-ramper but before you listen, ask yourself this, why would they put in effort to come to a thread of a stock they don't even hold, and attempt to inject fear into the current holders? Honestly, would be it be in people's best interest to warn others of troubling shares? After all we are human, and we are all greedy, take the GFC for example, the underpinning reason; greed. We all know the answer to why they're here. They could get in with us and enjoy the ride, but for the sake of 4-5c it's apparently a "negative negative negative" stock. It'd still be profitable if they got in now, but as I said, greed, meaning they want that 4-5c extra.
But for those who continue to hold, enjoy the ride, this will be one nicely developed mining project in the coming months, but determining the sheer size of the resource will be in the coming days and weeks.
N27 Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held