AL8 0.00% 0.3¢ alderan resources limited

Extensive Copper, page-60

  1. 13,855 Posts.
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    I have read the geo's report again and it's my view that this exploration will probably take a year or so to deliver one way or the other.

    Also, Cactus Canyon (the one with 'the potential porphyry-style copper + or - molybdenum + or - gold mineralisation' ) won't have any drilling done during the first year. Based on money to be spent, the priorities for the 1st year are Cactus Pipes number 1 then Accrington then Horn Silver. The geo says that Cactus Canyon represents a longer-term target than the other 3.

    Imo, even though the company has garnered decent info from non-public records (it's not the same as here in Oz where the info is on public records) it's quite incomplete as re accurate drill collar locations etc; so there will be a lot of basic exploration to happen before things start to shape up.

    I therefore seriously question the validity of the MC from a fundamental perspective. It's way too high for my liking!

    Good luck to all holders and punters though!
 
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