“the Company has increased its scope and is now aiming a potential exploration target of more than 300Mt at the Woolshed Prospect (based on 675,000m2 surface area of BIF outcrop/magnetic anomaly projected to a depth of 200m below surface and applying a density of 3 gm/cc for the BIF-derived material).”
Warriedar prospect
“The target areas are characterised by numerous, steeply dipping hematite-rich BIF horizons (Figure 6) that persist for several hundred metres along strike with cross cutting quartz veins occurring within each target area. Drill-testing is required to test these cross cutting structures for gold mineralisation as well as determine whether the thickness of iron mineralisation increases at depth due to possible hypogene enrichment related to these structures.”
The MC of PSP is $25 mill
$4.5 mill in the bank
RC drilling results due very soon.
In communication with a overseas asian investor/partner.
Hence my reasoning for a probable MC of $50 mill with good RC results for either propsect....and a few other reasons.
Then there is the tenant creek gold.
I truly believe that this stock will be close to 30c in the next 30 days.
By the end of May.
Dont say I didnt warn u
All just my opinion of course but my research says its a buy up to 30c.
Mind u I bought from 9c and have continued for the last month or 2 so take this into consideration.
Some time before the end of May this baby will run.
Dont miss.....thank me later.
PSP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
