percentages., page-2

Oops - just replied to wrong thread.... Reckon it's none of the above specifically, see my comments on other thread.

I do however think that sometime in the next couple of months we'll also see a JORC upgrade from 131,000oz at Hermes to ????. They have done LOADS of drilling, with some really solid % results, in combination with strike length and width extensions from the original (pre-ALY) JORC est.

Look i'm no GEO, and comparably-little experience in this game, however I would be surprised if there's less than 250,000-from a JORC upgrade, making a relatively easily mineable 300,000 oz over 3 or so years (Hermes & Wilgeena only)

At $400 approx net an OZ, that's over $100m (approx $1.10 per share in cash) Def not unachievable, and in my mind the reason for the SP action / accumulation.