š§µ28 significant #discovery announcements on #ASX this year so far.
Will Santa bring us more discoveries this year?
How many will turn significant over time?
2/5 If you wondering, we had no "significant discovery" announencements since the beginning of October.
3/5 How many of the announced discoveries will turn out to be really significant? We can already see from below graph that market thinks that most of the discovery announcements this year were minor discoveries.
4/5 $TEM and $CBE eneded up as some of the biggest pumps of the year, even when the core images and XRF were not so promising. Both companies share prices crashed after the assays arrived.
$GAL and $CNB had significant run up and are maintaining market cap above 100 mAUD.
5/5 $DRE was another runner, with more gradual share price increase and currently has the largest market cap of 228 mAUD vs $GAL 158 mAUD and $CNB 115 mAUD.
Do you think we will see any of this companies go over 1bln MC mark on the back of the discoveries made?
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