RE:RE:RE:RE:RE:RE:RE:Another Raise Following Drill PermitsPrecious, my OCO investment model --- barring any major catastrophes --- agrees very much with your comments, particularly where you wrote that ... "This month will be the transition of a new beginning."
Before the end of this month, according to Ian's reporting in recent YT video:
[1] Braziles report will be coming out;
[2] Permits will follow ... very possibly before EOM;
[3] MIRU: Move In - Rig Up ... as Adam did say that the team has been doing much work in preparing rig access roads, water access camp facilities and etc ... in anticipatoin for the drilling effort; and,
[4] immediately thereafter, actual drilling may then commence.
I suspect that, among other factors, in ANTICIPATION of above ACTION ITEMS, the share price has been rising.
Regarding this drilling program, a comment from Ian is one that I find to be very interesting. At about time-mark 38:00 he starts talking about anticipated TOTAL DRILLING METERS and he states 100,000 meters. Before, I remember the company mentioning 40,000 and even 60,000 m total meters, but, this is the first time I heard 100,000m. Hmmm ... ?
He was talking about this 100,000 in the context of achieving-defining a FULLY COMPLIANT RESOURCE; where we all understand that the Compliant Resource definition is the ultimate purpose of all this Advanced Exploration effort. Further, this is just my speculation, but, it really does not take much insight to provide a reasonable "guess" as to why this total meterage continues to grow:
[1] in addition to the need to re-drill --- that is, to confirm the results encountered in the historical drilling --- in gross rock volume, the extent, complexity and depth of the IP-defined ST chargeability [mineralization] anomaly continues to expand; and/or,
[2] maybe --- and this part is entirely speculation --- the Aero-Mag survey has identified additional geophysical anomalies ... what require test [exploration] drilling.
So, with all of the above, this month OCO could very well be TRANSITIONING into a new pricing level; where, during the past week, I could see where we are experiencing the BOR-SON syndrome: Buy On the Rumor --- Sell On the News.
No complaints from me.