Thanks mate. Confirms my expectation too.
The steady decline in the sp over the previous weeks I believe is potentially becoming a product of nearing options expiry in August. (people selling shares and buying options)
Obviously the RSPT didn't help the sector overall, and I don't think the market is feeling that with Julia leading the LP will be any different - well it hasn't reacted positively at all.
A JORC of 40,000oz (or more?) at Wilgeena, and upgrade at Hermes from 131,000 to (estimate) 200,000+, and with MOU with Barrick, and recent announcement saying they should be producing within 9 months, this thing is cheap regardless of the options overhang!!
maiden jorc, page-4
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