IR1 10.3% 30.5¢ iris metals limited

OK - I disclose my DD on NME lasted about 40mins. What I saw was...

  1. 9,978 Posts.
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    OK - I disclose my DD on NME lasted about 40mins. What I saw was that these IR1 tenements were nearby those already being explored.
    Therefore my main conclusion was that NME must be wise to the possible exploration outcomes.

    I took that to be a positive. Certainly not enough or me to take a position in either NME or Metalicity.

    And IMO it is better to have that project in the hands of someone who will be active, because (as we all know) the South Dakota projects are going to be full on in the short term future. We need our new management team to focus on SD and grab every opportunity.

    Finally - all the drilling at Beecher has been positive so far (there will always be a few misses as you reach out for the margins) - but the next few phases will define the real potential. Its how the pegs are related to each other at depth which will define progress going forward.
    For an example take a look at the Tabba Tabba intersections by WC8. And check how the SP bagged as the pattern was established. Recall that they had a huge head start with former mining too.
    https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.wildcatresources.com.au/&ved=2ahUKEwjFnLb7uMWFAxXrfGwGHbVMAcYQFnoECDEQAQ&usg=AOvVaw3QcymBG-D7CdkdDJsiBgcO

    Cheers - Let the wildcat loose in The Black Hills. Not advice ! LOL.

    [that link is not the one i wanted - see todays ann by WC8]


    Last edited by JandJ: 16/04/24
 
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