Ann: Assays infer mineralisation potential at Broken Hill, page-50

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mt88

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17/10/18

14:40

Post #: 36157867
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Originally posted by DoubleDown! ↑

Weather is looking better next week. But its not all about the drilling at Cangai. There should be;
More information on the DHEM modelling
Stockpile regulatory approval/assays/offtake * this is taking way to long!
Marlborough JV update * ACB don't seem in a rush, no news from them about it.
Broken Hill further exploration (though I don't know what work is/can be done on this with the geology team in Cangai)

There will be a quarterly due in two weeks, but I think with the nature of the CCZ company and announcements there will not be much of interest in there except for a better idea of cash burn to firm up the betting on the dates of the next CR. Having said that the last drill results were released on 20/8 so there is six weeks of drilling after that to the end of the quarter.

Feels like things are moving so slowly. Approaching 58 days since the last drilling news.
The orignal 18th June planning campaign for Phase 2 showed the three target areas to be drilled June/July.
The announcement for the Phase 2 drilling commencement on 13th July showed the targets being drilled July/August
The 20th August drilling results from the first five holes then showed the targets being drilled August/September.

We are now halfway through October and we are no more informed than the first 5 holes and some prelim DHEM.

These delays will result in cost blowouts as you are still paying your execs, staff and drilling contractors.

Expand

I believe there are assays for 9 rc holes pending at the moment.

Otherwise everything else is moving quite slowly, partly due to the weather.

IMO, the diamond drill will be the next SP catalyst. With such credible guide from DHEM, it's actually quite hard not to hit more massive sulphide. We just have to wait for the rainy weather to be over and we will be back in the game.

CCZ Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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