Mate thanks! I appreciate your insight and agree with comments re quick and dirty profit taking. However, I get the feeling that Argonaut believe in the project and see that the SP has a lot of potential over the next 12-18 months. I could be naive but hopefully they are long-termers!
In terms of JORC resource base, I think that an updated resource is urgently required. BUT at this stage it would be premature to do so as, thanks to golden boy Dean's drilling skills, all of the deposits keep getting bigger and remain open at depth and along strike.
Totally agree that JORC Resource is a fundamental valuation tool for an exploration company. I hope we see resource definition starting before the end of the year - possibly getting the JORC reports etc done over the quiet xmas/new year period and then coming out with a bang in Feb/March when trading picks up again. Then a new scoping/pfs/bfs study can be done too.
CLZ: Its an interesting one but one i believe in - especially now that we have Dean steering the ship!!!
CLZ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
(20min delay)
