I was present, at the investor conference at the Marriot on the Gold Coast, I not only listened to Richard's presentation but spoke to him personally. Out of all the presentations Sensore's really stood out to me. Richard said that oil and gas has a 20-30% success rate in drilling, minerals have about a 1-4% success rate. Sensore's aim is a 10% success rate. In speaking to Richard after his talk, I asked Richard if this 10% was an aspirational goal, or was his goal actually higher, Richard said that out of 7 projects Sensore has had success with 4. Richard pointed out to me that it was his data that found Mulga Bill (Great boulder Resources, GBR) which is a find I am fairly familiar with and Sensore would have had a joint venture with GBR but this was ruled out by GBR management. Richard told me, Sensore has a core group of Rio Geologists who pioneered this technology, they are far from, "suit and tie types". Senore is invaluable in the platform they bring to the industry, the main hold up in permitting for exploration drilling is red tape paperwork, Richard said industry and Government love the simple and precise method in their data collecting platform. Richard that his job is mainly connecting many branches of the mining industry as they develop their system, IT, Geology, drillers, Data entry, AI he has been amazed with the results so far. I can only speak for their Mulga Bill find.
If Sensore can achieve 10% this company is definitely a winner, I get the feeling that we will be hearing more from them. In leaving the conference I felt like this one may really be worth a gamble on.
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