The sentiment in 2009 towards exploration stocks was on another level though. Back then you could simply report assays on a few rock chip samples from initial reconnaissance. If they were half decent you would be at a market cap of $50M virtually overnight. Not taking anything away from SFR there. If we had that market sentiment today then Peel would already be in excess of $2.00 IMO.
Sandfire's discovery was also a rich deposit in an area that was previously considered of little value. It created a land rush in the Doolgunna area.That ignited renewed interest in exploration stocks in general. Just like Sirius did when it discovered Nova in the Fraser Range.
But it is nice to dream Happy !!!
The sentiment in 2009 towards exploration stocks was on another...
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Mkt cap ! $63.91M | |||
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