drilling started at boroloola , page-16

This thing as only just started. Smart money has been reading the Qrtrly report...what did they find?

To recap:Doolgunna Project, August RAB Drilling done at the Cow Hole Bore, East Shed Well & Old Highway Holes and results reported.

Cow Hole returned 4m intervals of 5.5 g/t & 7.4 g/t at a depth of just 20/30m!

Same at East Shed Well - 14m nterval at 10g/t at a depth of a mere 14 metres. ANd at Old Highway they had a 2m intersection of over 3 g/t.

For those who haven't done their homework the Cow Hole Bore and East Shed Well holes are 10kms apart. Old Highway is a further 10km west of East Shed Well.
So, these results are spread out over a VERY large area at at quite shallow depths.

If you go back to the June qrtrly...read some of the drillng results there:they had a 48m interval that returned 5.9 g/t INCLUDING within that drill results, an intersection of 16m at 11 g/t.

People should start joining the dots....

And this s just the Doolgunna GOLD prospect.

Doesn't anybody beside me wonder why this company seemed to have virtually ZERO trouble raising $4m at 55c - virtually a NIL discount to the market price at the time? It's because the prospects were so outstanding.

And what about the SPP back in May...unlike many companies who set a record date AFTER announcing a SPP, SFR announced a SPP and then made the record date PRIOR to the trading halt...in other words...if you weren't already "IN", you couldn't jump on and get an entitlement below market. Why? Becasue...again...they knew they would have no trouble getting the funds they needed, such was the quality of their prospects.

Now....let's think about Borroloola for a moment....a completely separate project in the NT where drilling has only just started.

We only have visual estimates of the first 2 holes so far but it could be that the assays will be very good based on the comments in the Quarterly. Time will tell.

People should do their own research...and by that...I suggest they review the last 2 qrtrlys I have just referred to and see for yourself whether I am on the right track.

With the Resource Sector likely to remain hot at least until the new year, SFR could have quite a deal of upside....it has moved from 13c to 93c with ZERO media coverage.

The game has only just begun...

Coop