KDR 0.00% $1.90 kidman resources limited

Ann: Strong DHEM conductors identified at Home of, page-12

  1. 677 Posts.
    lightbulb Created with Sketch. 6
    re: Ann: Strong DHEM conductors identified at... I may appear appear a bit negative in relation to the potential on KDR's prospects.

    I would question why they are drilling smallish targets at HOB over at least 300m depth when it would be more advantageous for them to test the potential strike of those mineralised structures that they spoken up in recent presentations. The results at depth one would expect would need to be quite special to be able to mine at those levels. Wouldn't it be more feasible to try and find more near surface oxide potential that would assist any potential mining. I am not sure what a couple of potentailly higher grade zones at depth would do, other than the company then having to go out an raise more money. The deeper target is an obvious easy target, so I question the strategy of KDR.

    The exploration to define more zones along it's strike length should be a priority, rather than throw some deep holes down and hope for the best, at such a small target. Somehow the story changes to suit for this company. Negative results are usually hidden and nor released when expected.
 
watchlist Created with Sketch. Add KDR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.