Its all now up to the assay results. At some point, if they stay...

Its all now up to the assay results. At some point, if they stay positive RW will presumably have to describe the BoD lodes as a "significant new discovery" at Cue just as Breaker Resources' Tom Sanders heralded a "new discovery" at Bombora.

So much will depend on the wording of the next several announcements as assay results are dribbled out in batches. High grades will soon need to be put into the context of a potential resource. The company has completed more than 17 holes of a 26 drilling program with more drilling already planned at BoD over the next three months in the lead up to the end of the year.

If the "fantastic" drilling results continue the share price will then start to match those of other popular explorers like Alicanto and Breaker Resource. So at 10 cents we are just at the beginning of a potential run up to 40 or 50 cents.

There is always the possibility indeed almost the certainty that some drilling results will disappoint as they try to delineate the lodes. That doesn't mean that the discovery has disappointed just that the extremities of the deposit may have been outlined.

A lot also has to do with the POG of course but with the global financial system in such a QE mess who knows where gold could head.