Yep - that 2m thick intercept in the photo of high-grade chalcopyrite and magnetite zone is going to definitely give them some high Cu assay numbers when the results come back from the lab, a bit difficult to tell what the market reaction will be as copper discoveries have been rewarded by share price movements recently with other companies but these guys haven't seen the reward for their discoveries so far.
The release is good news in my opinion, as it just confirms that the so-far successful plan of identifying geochem anomalies and then converting them into drill intercepts is on track for this year, if the market can't appreciate that then its just an opportunity to continue to accumulate. This is going to be a long haul and they are going to have to compete for investor interest with others who are mining or closer to production (e.g. AIC CPM NML etc) and/or have had high-grade exploration successes already (e.g. CNB).There is nothing wrong with the exploration approach that these guys have taken and they certainly still have a lot of unexplored ground that is capable of producing a surprise or a significant success.
DEX Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
