Ann: Dobsina Exploration Update, page-27

@Jaybar most of the positive posts on this thread are ridiculous

given it appears EUC are intending to find cobalt for underground (rather than open pit) mining, the grades today are hopeless

EUC needs to do much better than this

the market cap fell to $100M at 11.5 cents, which i where I expected it to bottom today

note: this $100M market cap includes the expectation EUC will find much better grades than today

these are only initial drill results therefore holders can only wait & be patient

due to the nature of mineralisation (which is narrowish shoots or veins), it is going to be difficult to drill out commercial high grades quickly

while EUC have $20M, this will be spent less efficiently than usual due to the narrow shoots they must hit for high grades of cobalt

regards