Price SpeculationLooking at the Cup and Handle formation we can see that the bottom of the "Cup" was $.03. The "Lip" on the Handle side was $.18 for a spread of $.15.
That would place a target for the next upleg at $.33 or $.15 higher than the price at the Lip.
From a practical standpoint it will take some positive news to move the price to that level but we are anticipating visual reports from a couple of holes plus assays from the Mordialloc hole which John was very keen on based on what he saw in the core.
Exciting times ahead?
It sure is fun to speculate.
Chip