Definitely not the time to be selling. The following is from the announcement on the 4/2:
As a next step, the Company plans to conduct a 2,000 line kilometre helicopterborne geophysical survey (VTEM) over the mineralised Jackermaroo and Dusty Tank Fault systems, which include both the Gundaroo and Wonawinta areas (Figure 4). The survey will detect conductive bodies to a depth of 200m and also provide detailed structural information. This will assist in locating prospective sites for high grade mineralisation, including Mississippi Valley Type (MVT) lead‐zinc‐silver deposits in the Wonawinta area. The combination of VTEM and gravity data in the Gundaroo area will enable rapid prioritisation of drill targets. The VTEM survey is scheduled for early March and will be completed in less than a week. Results will be available in April."
In a little over a fortnight we will be getting a much clearer idea of how massive a deposit we are sitting on. Any potential leaks from the survey could be filtering out any day now.It could prove to be much bigger than the 90Moz already suspected.
Cheers
BN
CCU Price at posting:
85.2¢ Sentiment: LT Buy Disclosure: Held