Yep, the share price has seemed to come back to where it was previously.
However IMO the share price has not reflected what has occurred for the company. Over this past year the team have drilled their first hole at copper blow and now have a very good understanding with around 55 holes drilled.
It is heavily inferred there is an IOCG deposit which should be very economical. THese new discovered anomalies have resulted in delays but will significantly improve the size of what we've got here.
The management seem very knowledgeable and have been delivering great results all year.
I think many of us are in here for the long haul, not great for trading.
Also the Joint venture with CBH seems undervalued here. This JV will reduce exploration costs for SCI and makes us more likely to make it through to feasibility stage.
We are now on track for a resource definition by H1 2019, which hopefully will put SCI on the map.
Yes a CR is likely on the cards, I hope we don't need too many more, but i hope the upcoming assays for the Anomaly are very attractive which should boost us through another round of raises.
SCI Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held