SMM 20.0% 0.4¢ somerset minerals limited

biggest nearology play on the asx, page-66

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    Maybe time for some to do their DD again (@Saila excepted) the plan and cross sections of the Rio Zarza and FDN tenements shown in November's presentation pretty much tells the story.
    Firstly the rock sequence between the two is different, it could be that on RZ we are seeing newer rocks or a major lateral displacement.
    Secondly, it is clear the drill must go deeper than on FDN.
    Thirdly, and this is the really good point - the FDN mineralisation is long and wide. So that makes it worthwhile to put a diamond drill down deep to find a repeat.
    Lots of work to do establishing ages of rocks - faults and thrusts - and the mineralisation events, before the drill hits the ground. IMO.

    Now Canada looks like a different story. Success seems more certain, but once again preliminary work is hugely important to maximise profit. The company maker is free cash flow from Canada to sink into successful research and exploration in Ecuador.

    @HarryKane and @salpetie - have you blokes had a look see here yet. 10m Cap - elephant in Ecuador - veins in Canada. Gold.


    Last edited by JandJ: 19/02/20
 
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