I think 2c + once a mining operation is announced. Doubling of the resource would see around 1.5c IMO. I think we should be at 1.2c or so right now. And thats without yesterdays results. Approx a mth should be enough to either increase the target size for Kelly or jorc the northern section of Kelly. With the even nicer grades i would expect the target ounces at .5g/t cut off grade to get close to 200,000 ounces up from 121,000 ounces. 500,000 to 1,000,000 ounces along the whole of Kelly is very achievable. Current results were from drilling only a distance of 150m and depth of approx 100m and is still open to the north. You can see how just over 2km of strike could have multi hundreds of thousands of ounces. Very encouraging I think.
Scorp
PRE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held