It may go up further, especially when they announce their assays and there are "grades which would be considered ore-grade". Of course, they knew that going in, since this first hole is at the same location as a previous drill hole. It is little risk to them to drill a hole where they already know what they'll find. But it is a great thing to promote and will help sell shares. Only the most savvy investors will understand that the drilling adds no new information; most investors will buy into the hype. This is what they said in a PR: "That means round one of drilling for Liberty Star is a simple question of twinning old holes, verifying data and working up a resource that way.” I am not sure how twinning old holes will "work up a resource".
This will be interesting to watch. Lots of money to be made if an investor doesn't get too attached, because ultimately.....lots of new bagholders will be created.
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