These are good numbers, and include some of the best cobalt intersections we've seen.
In any resource company, there are stages where only certain events will move the stock price. In ascending order, you need:
a. first, the acquisition of a hot property, then
b. only good grab samples, then
c. only a good drill hole, then
d. only clusters of good drill holes, then
e. only good resource numbers, then
f. only good pre-feasibility numbers, then
g. only good feasibility numbers, then
h. only good permitting and or finance news, then
i. only good development news, then
j. only good production figures.
A company that has moved to an advanced stage rarely can improve its share price by announcing something in the early stages. Fortune has moved to stage (e) or (f). Even spectacular news at the a, b, or c level, or really good numbers at the d level will ot make too much difference in the share price. I think we've seen really good numbers, and a complete absence of bad news. What more could we ask for? I'll watch for the next stage, and improvement in the resource numbers, or good pre-feasibility figures. Good news at the (g) and (h) level could be explosive.
Dave |
