AAJ 0.00% 1.1¢ aruma resources limited

Ann: Exploration Update, page-12

  1. 4,776 Posts.
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    It seems this company was looking for gold and spent money drilling these prospects and plan for more drilling even though these results look disappointing ( funny how they say that it was within their expectations). Obviously they set a low bar on the expectation front and are probably patting themselves on the back for meeting their expectations. I get it, gold exploration is not an exact science and sometimes you dont find enough, but my question is , will further drilling have better success? If the answer is maybe and not yes, then why spend the extra dollars. I hope that they proove me wrong and hit a bonanza gold deposit, but based on these results you wouldn't be here for the gold.
    Lithium is hot at the moment so if they find a decent amount, this will skyrocket, but it is a pure punt at this stage and I am not familiar with their target yet to pass comment. Happy for any help understanding their deposit, but will look into it more myself. Will I have a punt, not sure. Good luck holders.

    Christopher
 
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