A1M 2.17% 45.0¢ aic mines limited

intrepid wins best of breed, page-2

  1. BH!
    2,521 Posts.
    That really is an astonishingly large intercept. I remember 5 or 6 years ago getting excited about a company called Tethyan Copper which found a big porphyry system in Pakistan.

    Unfortunately, I sold out at 71c (having bought in in the 30's). It was eventually snapped up after a bidding war between Barrick and Antofagasta for about $1.40.

    Tethyan (TYC) had some very impressive intercepts (they tried to drill for a leach pit site, but kept on hitting mineralized systems), but I don't ever remember a +600m hit.

    Not saying that Tujuh Bukit is another Reko Dikq (Tethyan's resource name), but I'm just making the point that I am impressed!

    The fact that it seems to have a dirty great gold-rich oxide cap sitting on top of it...well, it starts to look like the gold miner's version of icing on the cake, doesn't it?

    Interesting company, this one.
 
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