Good to see another shameless ramp here LOL from yourself, but always good to have you here etc etc. Anyway as one who got in early here and hold ADN as well, ultimately it is about drilling. As to the 60c SP tip by another, need drilling and finding something. Right now pure fantasy figure without a find of substance.
Anyway, nearology, which is really teh driver of SP growth for a number of the companies operating inthe area, is just a term for the potential for the rock structures to come from the same geological event (or a subsequent geological event that is similar in feature). Nearology generally, works better where the tenements are up to 20km from a known discovery (i.e. look at AJM and PLS) but it doesn't always transcend to a commercial discovery as obviously the same geological event itself can have pockets of that event that are economic to mine and other pockets that are not, an obvious point. That is, one part of a deposit in the same geological event may be more commercial to mine than another (just the way the event has unfolded and cooled).
The drill bit ultimately decides as only 1 in 100 exploration plays ever make it to mining, so free carry strategies IMO are a key this side of the market, but others have differing risk/reward equations so please do not treat this as investment advice as is all IMO IMO.
Using this post again - Post #:
47073622, below and to repeat this post here is where OAR's potential may be IMO IMO:
"1. Nearology/geology and Julimar and potential for gold on theOAR tenementThese two posts below explain teh geology in the area and what we are hoping for in the drill bit.
Post #: 46675993
Post #: 46741749
2. Nevada
1. Research material on Epithermal deposits.
This link is very good:
https://www.911metallurgist.com/blog/epithermal-gold-deposits-characteristics
Posted this also in the general 'gold' commodities section of HC - Post #: 46578851 - bottom half of post is around cut-off grades.
2. Research material on a Carlin type deposit - the metalurgist link in this post Post is good as well #: 46555098
3. Mt Hope
Hold ADN, but not cross promoting here btw but trying to show what OAR may have there. Here is some research around koalin/haloysite/HPA and why Mt Hope may be a good longer term exploration play for OAR shoudl what it has is as equal to what the nearology play has but ultimately only exploration will determine that:
i.) Resource quality and lack thereof in china so need for them to find suppliers: Post #: 43093687
ii.) HPA - Post #: 40473743
iii.) If what may be in Mt Hope is anything like what ADN has that will be good, given ADN's PFS has a 175% pre tax IRR in it. Again not cross promoting but showing importance of what might be there, because take ADN for example at the end of the day they still need to get to mining etc etc
4. Peru
For me need to do more research here as have little understanding of this one.
Conclusion:
Obviously the key two projects here at this time are Nevada and the nearology factor to Julimar."Ultimately the drill bit decides, and some of the current SP growth scenarios posted here are fanciful at best IMO without a discovery. The whole area is moving around Julimar - just look at the SP of MAN, DEV and LTR for example (LTR SP movement last two weeks IMO has more to do with this area than lithium at this stage is my point). LSA, I would have also expected to move more over the last month or so but they have someone on the board (KE) where, from my perspective, makes an investment there very very unlikely by some investors (like those who hold/held that lithium stock in Africa a lot of posters in other threads like to bag for example LOL) IMO IMO IMO IMO.
Nothing wrong with traders been here, but any SP predictions from them I always treat with a massive amount of skeptism. But that is just me.
All IMO
(20min delay)