After going over the last Kelly announcement and picture of mineralisation i've reconsidered buying in the raising.If they can almost mirror the current diagram at Kelly North, it will be a massive boost to the total resource. It's open in all directions and definately at depth. I suspect even higher grades a couple of hundred metres below what they have already drilled. Many may get quite a surprise within the next 2 months.
With free oppies at a 1c conversion, this should definately be in the money come 2013. Infact i'm going to say it's a certainty. 300,000oz resource by 2013 for just Kelly should be possible. Depending on cut off grades and the price of Gold.
My ops.
Scorp
PRE Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held