Ann: Diamond drilling of multiple targets underway - West Arunta, page-53

Hi all.
@MrLong2019
You could well be right but-
Given that all these early holes are hitting the goods in such a suggestive way.
That enr have already proven their worth by securing JV's with large entities.
That WA1 are drilling more holes along the boundary.
That WA1 have high heavy mag values.
ENR have indications from a historical hole.
These gravity targets look decent.
The cover appears to be very thin when you consider the target of IOCG which are usually very deep and expensive to explore.
The mc was still reasonable given the potential.

I think I will hang on here for the risk reward balance.
The higher the price, the higher the risk, unless of course they find what we all want to see, a massive IOCG under shallow cover.
For now, yes you are correct, it is a nearology play, but a decent one.
Kind regards, Wack.