It's a decent amount of dirt for a $10 million program,
Most explorers spend a whole lot more $ for a whole lot less drill metres.
And most of our drilling will hit grades and lengths similar to historic drilling across the area.
Virtually risk free drilling.
A lot of the hard work has been done by previous owners.
This is prudent resource expansion at it's finest.
Buy 2million Oz of inferred resource at $20 /oz for $40m
Spend $10m to add to MRE and transfer to measured and indicated categories allowing DFS and further drill targeting in first 12 mths.
Kaboom - Up sized Mt Gibson MRE for next years Xmas present.
This drilling campaign is spot on.
This is how these guys add value to our investment in CMM
- Forums
- ASX - By Stock
- CMM
- Ann: 110,000 Metre Drill Programme at Mt Gibson Gold Project
Ann: 110,000 Metre Drill Programme at Mt Gibson Gold Project, page-5
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMM (ASX) to my watchlist
|
|||||
Last
$5.26 |
Change
0.110(2.14%) |
Mkt cap ! $1.985B |
Open | High | Low | Value | Volume |
$5.15 | $5.30 | $5.12 | $5.304M | 1.014M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 25549 | $5.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.27 | 10389 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21480 | 5.250 |
7 | 18879 | 5.240 |
2 | 8472 | 5.230 |
2 | 5475 | 5.220 |
4 | 19036 | 5.210 |
Price($) | Vol. | No. |
---|---|---|
5.270 | 6231 | 1 |
5.290 | 8126 | 4 |
5.300 | 24287 | 2 |
5.310 | 12340 | 2 |
5.320 | 2340 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
CMM (ASX) Chart |