Guys, for a share that has a market cap of around 10million, they don't come much better than this one IMO.
Mt VennIn my opinion, Mt Venn is showing all the right indicators that it could host a potential resource of significance (both gold and/or PGE-Ni-Cu). It's ticking many boxes and as a result, giving it a high GCOS (Geological Chance of Success). As with all exploration companies, the risk is always high, however in this particular case, I believe the potential reward far exceeds the risk given the the very low market cap combined with the following factors.
I believe the geology is favorable for the following reasons;
1. It contains mafic/ultra mafic intrusions analogous with CHN's Julimar discovery. Furthermore, as per the announcement on the 6th of July, five decent targets have been identified. The Mt Warren Sill (EM #1) in particular is very exciting. It resembles the Nova-bollinger discovery - a large discovery made by SIR(Sirius resources). I strongly recommend you all look into the Nova-Bollinger discovery several years ago. The discovery sent their share price from approximately 3 cents to 5$.
2. The area is
highly prospective for gold. Below is a snippet taken from an intercept from the project 'Gruyere' located only 40km east. Whilst nearology can mean little in some instances, we can't deny it does contribute to the GCOS.
(20min delay)