Upside Potential
What's needed to move the stock price into the $3/$4 range? Simple, verify what the geo's understand to be the depositional model for new gold mineralization in the Lunnon Basalt being one of intermittent gold continuance along the sediment structure.
For those that are new investors, that depositional model in finding new high grade gold material, is drilling deeper into the Lunnon Basalt, intersecting the sediment marker layer (bands) which are interpreted by Beta Hunt's geologists as a zone of chemical interaction between the gold bearing fluids and pyritic sulfides, which under the right conditions, allow large gold crystal growth and extremely high-grade gold deposition.
As their model is proven-out to the markets, it will unleash the upside potential for the company, and for their shareholders.
We will not have to wait long for that verification to begin crystallizing. Not with the A Zone sediment structure now extending 540 meters, and jumbo development now working towards that targeted area, along with the same sediment opportunity being targeted on the Western Flanks shear zone.
Because of this ongoing work, those results coming in over the next several weeks will have the Beta Hunt team taking giant steps in proving-up their geological model, and once proven (which I believe is overwhelmingly in their favor), will put the Beta Hunt Mine as one of the lowest cost, highest margin production mines in operations today.
Not only do I feel the markets will reset the share price much higher once this model has proven itself out, but this will also be the time frame where other majors/mid-tiers step-up to the plate with some serious offers before they are priced out by the rising RNX market cap. GLTA