Ann: Phase 1 Drilling Completed at the Salazar REE Project, page-12

https://hotcopper.com.au/threads/ann-drilling-commenced-to-expand-salazar-ree-resource.7137157/page-3?post_id=65249331
More so than the number of holes, go back through and look at the previous hits along these drill lines. I'm not going to say its a guarantee but if the previous hits are anything to go off the chance of consistent intercepts is pretty nice. Its a pretty similar situation and setup to what our neighbor OD6 had prior to their drilling results in November.

I'm especially keen on seeing how the O'Connor prospect shapes up, some of the previous hits there were very promising but a little sparse. If the frequency of the hits increase it could end up being a giant.

Another thing which I haven't seen mentioned enough is the NdPr content when compared to peers. Consider if the grades and NdPr continue to be of this level as the size of the resource increases to the target of 200mt+.

All things considered I'm baffled this is still sitting under a 20m MC - Whether someone has been keeping it down to accumulate, people who were trapped from 0.20+ from the acquisition selling or the market not being awake to it just yet. Either way it looks like the SP founds its base and the chart is looking decent with the 20 and 50 SMA narrowing as results are around the corner. GL all