THX shareholders would be very buoyed by the ann put out by SFR on their Degrussa project today.
Points I have picked up on are:
The paragraph on future expectations by SFR that they will find other discovers copy of this section is a follows.
?It is important to note that the DFS outlines our base case production scenario - we expect significant upside on these numbers from discoveries of new deposits, potential extensions to the existing deposits and the conversion of oxide resources to reserves.
?It also attributes no value to the outstanding exploration potential at DeGrussa, both in the near-mine environment and within our 400 sq km tenement holding, where we are continually developing a clearer understanding of the geology and controls on mineralisation,? he added. ?With a rolling $20-30 million annual budget for exploration, we are in an outstanding position to discover the next generation of deposits at DeGrussa and add further significant value for our shareholders.? END
One other misconception I would like to point out to THX shareholders is to answer some previous references to size of the Red Bore claim. This claim is about 1.5km by 1km. If you look at the Open pit plan in SFR report today on page 5 you will be pleasantly surprised to find that the width of this open pit plan is only about 400m. THX has plenty of room in the Red Bore claim to substantiate a good deposit, that is of course if one is there.
Drill on THX if SFR have confidence there are other discoveries, with results to date from THX I am sure they will find something.
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