Ann: Second Infill Drill Results, page-5

Yep, I’m loving it too.

if you look at the first infill and add these, I’m thinking resource upgrade now likely.
but, the very best bit (apart from trucks rolling to port) is in this:

”The infill drilling program which was focused on the initial mining area is now complete. The orebody remains open to both the North East and to the South East (Figure 4) which the company expects to explore in a subsequent drill program. The Company has commenced operations and the immediate focus is to prepare ramp up mine plans to increase the production rate.”

open at both ends! So likely lots more of the nice high grade stuff 67%+. Good to see they’re not needlessly drilling to find more when they don’t need to. They have years of high grade to chew through now, so exploration drilling not needed. I LOVE focused management, who get it! They have lots of cash, so could easily afford it, but they know what they have and have obviously a clear path for the future. Quality management have always given me my biggest profits.

yes, successful exploration drilling to expand our orebody would be seen as very good by the market, as it would likely mean significant resource upgrade, which means extension to LOM AND likely higher output as well.

TI1 as I’ve said before has been amazingly strong in the IO dump. It holds 10 every day, even with dips into the high 9’s.

this is my biggest holding among all the IO’s. Just might have to add a few more.

cheers,

ned.