I think you have jumped the gun and mis-read the context of that.
"Furthermore the results of drill holes in areas adjacent to existing mineral resources indicate greater strike continuity than previously thought. Further exploration is required to establish better control over mineralisation continuity at a deposit and prospect scale. If additional exploration is successful, the new areas of mineralisation may provide additional development options for the project, including open pit operations prior to underground development."
They found more than expected and need to explore futher. We could end up with a mother of a JORC. To date all drilling has been extemly positive. That tells we are sitting very nicely indeed. Anyway I am staying on-baord for the ride as I truly beleive the price is yet to factor in todays announcements.
On the current JORC alone + lots of cash are very undervalued.
NWR Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
