AYT 25.0% 0.5¢ austin metals limited

Strong buy, page-31

  1. 5,034 Posts.
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    You're not even consistent within your own posts. No ground based or airborne geophysical contractor, surface sampling crew work for free, and that's if you can get the geophysical contractors at the moment, with Covid and other travel restrictions plus the state of the gold industry there are months wait to get geophysical contractors at the moment because with a lot of field work prevented at the moment geophysics is one thing that companies can do, you can't conjure these people out of thin air in a week. Be a bit realistic please.

    30 years ago there were 3 main techniques used in exploration, geology (sampling and mapping), geophysics (ground or airborne electrical and gravity methods) and geochemistry (traditional soil geochem and early portable XRF). Pretty much all of these techniques are the same techniques used to find ore bodies today, with some technological improvements about detection limits, resolution and computing power. But they all still require boots on the ground, substantial amounts of money and a drill rig to test the targets. There are no easy short cuts to finding mineral deposits- you don't just go onto a computer and and it tells you where the gold is...

    Sure the market might like a nearology pump and dump story, but its all kangaroo pasture until you have some drill intersections with some reasonable numbers showing potential for mineralisation.
    Last edited by eastwest101: 18/05/20
 
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