SVY 4.35% 2.4¢ stavely minerals limited

Ann: Presentation - RIU Explorers Conference, page-32

  1. 7,927 Posts.
    lightbulb Created with Sketch. 1497
    fair question - if they expected to miss the mineralistion, why drill it and waste money? 117 already told them the depth extention of the zone is not great.
    why not try to assume exact angle and try to hit it? This way at least they learn something either way (hit or miss).

    But knowing mineralsition is not there and still drill it sounds someone is wasting investor's funds to learn very little.

    Did they test for porphyry below 182? Well 117 told them it's not there. So what was the purpose of this hole besides blowing around $100k?

    These where my head is on this. Hope others share their views so we bounce ideas. I could be missing something.
 
watchlist Created with Sketch. Add SVY (ASX) to my watchlist
(20min delay)
Last
2.4¢
Change
0.001(4.35%)
Mkt cap ! $11.55M
Open High Low Value Volume
2.3¢ 2.4¢ 2.2¢ $10.42K 451.6K

Buyers (Bids)

No. Vol. Price($)
1 169533 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 417203 2
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
SVY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.