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41.5¢ archer materials limited

Ann: Outstanding opportunity for Sugarloaf graphite, page-14

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Sirbagsalot

385 Posts.

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30/06/15

11:21

Post #: 15554152
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Originally posted by derosie ↑

Tank manganese deposit, the presence of highly anomalous barite (up to 10%) and the presence of significant sulphur (stratified?) that increases with depth all point to Sugarloaf graphite being a part of a larger Iron Sulphide-Copper-Gold (ISCG) system. This opens the opportunity that beneath the 40 metre thick carbon-rich layer there is excellent potential for sulphide base metals mineralization.

So we remove the graphite for a neat little profit and then we are ready to mine the copper/zinc....... wouldn't that be nice.
So nice that I will try and double up today..... sell, sell, sell everybody, it's the EOFY sale.

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I agree could be nice, but why no drilling below graphite to discover what is actually there, if they are confident?

AXE Price at posting: 9.3¢ Sentiment: None Disclosure: Held
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Last 41.5¢		Change -0.020(4.60%)		Mkt cap ! $105.7M

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