obviously reading isn’t your strong suit. I am describing how the spec end works - it’s not based on high degrees of certainty but on initial probability within a wide range of discrepancy. At this point I88 could potentially on the radar to discover a tier 1 deposit based on the peerless surface samples which correlate with key historical indicators. Understand the word POTENTIAL based on exceptional and widespread results that need further understanding and investigation to confirm the potential. Hence the greatest volatility in the share price and mc is always in the initial phase when it is highly speculative. As more samples come through and greater data is analyzed the market will re-evaluate whether this possibility of a continuation of exceptional results is possible. It will then further re-rate i88 positively or negatively. I am discussing the mechanism of the market not stating i88 will definitely be a tier 1 or get into production. It is too early to ascertain any of this until the drill enter the ground to determine what is underneath. However, based on current data, as small a sample case it is one can definitely anticipate a potential resource is underground and has a potential to be high grade in nature. Will this eventuate? If results start confirming the narrative how will the mc and sp respond ? This is what I’m interested in because it impacts how much I earn as an investor at the spec end. If I wanted to invest in established miners or confirmed resources that are proven tier 1, like PDN, my return on risk will be low. Why bother. I might as well invest in Bhp. in regards to management, the company is in an exploration campaign for uranium. They are under the guidance of Dr Andy Wilde. If the exploration eventually leads into deposit that can be developed, management will make the necessary appointments https://www.listcorp.com/asx/i88/infini-resources-limited/news/uranium-expert-appointed-to-board-2986867.html
am I an over zealous pumper? I am positive about i88. It doesn’t mean it is certain to succeed. However the potential to uncover a high grade deposit is there. Will this expectation be met - drilling will determine this. In the meantime at a 50 mil mc, considering 92e is similarly valued at a high grade potential discovery, I would think having surface samples greater than the majority of companies drill results is a phenomenal start.
I88 Price at posting:
78.5¢ Sentiment: Hold Disclosure: Held
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