Yeh, still only 5.5 mil MC. Funding in place for drilling, Gold showing ST support around 1250 and up overnight. Inflation in states creeping higher may bode well for POG but is an early call. Not unreasonable, imo, to see this with a MC of 8-10mil before the drill results when comparing to other gold speccies, who knows really but still seems good value at this level imo.
Best Wishes
Ann: New gold drill targets identified at Ararat, Victoria-NML.AX, page-49
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