Well I cleared the decks on a number of my stocks this week ,but have held SRI ,LSR and 3 other stocks . Of the stocks I hold I think SRI is best positioned to hold its value in what might be dark days ahead .Plenty of cash and drilling on four great prospects .I think Thaduna will be the first to show some good drill assays ,they already have a pretty good idea of where to drill to get guaranteed results . We might get an early indication of potential at Ilgararai by keeping an eye on MZM's drilling as well .
Johnson's Cairn, the 4 holes to be drilled there are the wild cards .....IMO they offer the best chance of a repeat of Sandfire's success . I cannot stress highly enough the significance of the Jenkins fault system ! It is great that we are drilling primarily for both copper and gold and for gold at Woodbine .A decent result from any single hole will see our SP move up ,I am not ,given the current circumstances predicting 10 bagger type moves ,rather it will be great to see our SP move up to 20c or 30c . I also think that Sipa might be thinking of using a bit of their cash ($1m) to make a surprise strategic acquisition . If I am correct ,top marks for clever thinking by Mike and the team .
I also would like to suggest all of you guys to try and obtain a copy of a book called "Hydrothermal Processes and Mineral Systems " by Franco Pirajno ,it gives a great understanding of VMS and SEDEX systems ,particularly how , why and where they form ,their relation to black shale and a lot of information on WA .A great reference tool !
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2 | 299984 | 0.013 |
3 | 333240 | 0.012 |
2 | 399995 | 0.010 |
3 | 282500 | 0.008 |
Price($) | Vol. | No. |
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