Bob,
I spoke with Argosy's IR on Friday, the price drift may be short lived since they expect the assay results for 20 holes for the Sturec zone within the next two weeks, additionally, there are 5 more holes to arrive for the balance of Treminka's phase I drilling. So, looks to me that many news will be comming, question obviously is what kind of results they will report, by the way, what is the market's expectation for this play (I mean at the minimum to support a price in the $2. range)?, is it 1 million oz?..some analysts have a Blue Sky figure in the 10 to 15 mil oz figure, but that of course is speculation, I would be interested to hear from some expert about the viability of producing from a deposit that is 1 million oz on that part of the world (Assuming grades are in the range of the original mines).
Eric |
