EMC 0.00% 11.5¢ everest metals corporation ltd

no big funds watching, page-6

  1. 7,696 Posts.
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    You seem to have ticked off most of the points West Coast - I would only add what I have in recent months and that is -
    the recently discovered granite basement mineralization is blind - does not outcrop.
    So has not been subject to normal mineral exploration of the last several decades.
    So very little is known about the potential of the granite - would it tend to host small orebodies or large - we have no guidance from past exploration.
    Blind positions are hard to explore because you lack the normal ability of being able to hammer tap rock outcrops over the countryside.
    Weighing all that up USA has done very well so far with their drilling into the top of the granite and there should be a decent addition to existing resources.
    But there is the chance they could kick their toe on a position that might be off the tonnage grade scale compared to the known ISL resource.
    I do not think the market is yet pricing USA at anything other than a likely modest sized ISL mine developer.
    Hence my previous comments re blue sky in the USA price.
 
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