And what were the 2 very good holes?
Personally, I consider these holes to be excellent:
Hole KOAC294 4m @ 31.08g/t from 96m (hole ends in mineralisation)
Hole KOAC324 2m @ 32.5g/t from 18m
Hole KOAC322 8m @ 4.06g/t from 20m (inc. 2m @ 15.6g/t)
Hole KOAC290 12m @ 3.37g/t from 50m
Hole KOAC361 2m @ 16.3g/t from 10m
and these holes good:
Hole KOAC291 6m @ 2.09g/t from 82m
Hole KOAC347 6m @ 2.53g/t from 18m (inc. 2m @ 6.55g/t)
Hole KOAC348 6m @ 2.32g/t from 26m (inc. 4m @ 3.29g/t)
Hole KOAC363 4m @ 2.95g/t from 0m
When you consider that all drilling was AC, which is basically glorified soil sampling, these results are outstanding IMHO.
And what did MCT report last week on tenure for which they only own 51%?
As I read the report, 3 excellent hits and 1 good one.
And that was from RC NOT AC drilling.
On the back of these results, MCT, a company with a similar number of SOI to CAV when including the .004 options that keep being exercised and dumped, put on almost 30% on 160% more vol.
Either MCT's performance was unwarranted, CAV's performance unwarranted, or a little of both.
Guess that's the market though.
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