ARV 0.00% 1.1¢ artemis resources limited

Ann: Artemis to Drill 3,300 Metre Super-Deep Hole in Pilbara, page-15

  1. 2,607 Posts.
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    Is today April 1st??

    This is a complete waste of shareholder money that would be better spent accelerating their shallow gold project.

    St Barbara are currently drilling at 2,950m hole that is costing $1.6M. They are testing 400m below their existing reserves in an active mine in a multi million ounce mine. A couple of years ago a 3011.5m hole was drilled at the Superpit - reported as the deepest hole drilled in Australia - next to Australia's largest gold deposit which has produced tens of millions of ounces.

    Artemis are going to spend >$1.6m targeting 0.5m @ 10.67 g/t?!!

    Crazy.
 
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