Really need 12 to 18 months. But the big question lies with McPhee Creek... In the recent annoucement, the diagram showed they outline of their 150Mt target. But appeared to me that drilling was going outside that boundary substantially. Its a risk-weighted proposition, but lets say their hypothesis comes true, they could have an additional 200Mt in Resources before the end of June.
Given the number of other holes in other projects they are drilling. It would be fair to say that this company would be materially re-rated.
Predictions - I will leave that to the traders and speculators.
GIR Price at posting:
$2.07 Sentiment: LT Buy Disclosure: Held
