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1.5¢ godolphin resources limited

Ann: Trading Halt, page-16

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peroovial

3,127 Posts.

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01/03/22

16:04

Post #: 59903774
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Originally posted by prawn_man: ↑

Thanks amigo, it's good to discuss the options before the news drops. I'm also guessing that it is the potential of a prophyry at Copper Hill East (CHE). If so, GRL must have balanced the following gamble in 2021: either 1) drill a couple of diamond holes in the hope of hitting the big discovery hole, or 2) not drilling anymore and letting the big boy build up anticipation. As an example, I was once told by an old time prospector: if you have a good prospect that you want to JV or sell, then the last thing you should do is drill it. He said the reason being that if your drill holes don't make a good discovery, then interest will be lost and it will be almost impossible to JV or sell the prospect. So by drilling, the old timer said it costs you money and will probably devalue the prospect, which is a lose-lose action. The other perspective is that by drilling you give yourself a chance of hitting a bonanza hole which will cause the prospect to go up substantially in value. Decisions, decisions, decisions.

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They have already intercepted the halo of the porphyry

GRL Price at posting: 12.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $4.743M

Open	High	Low	Value	Volume
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Buyers (Bids)

No.	Vol.	Price($)
7	1090092	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
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No.	Vol.	Price($)
6	890092	0.015
3	330000	0.014
3	479615	0.013
3	552333	0.012
3	307725	0.011

Price($)	Vol.	No.
0.016	1011303	2
0.017	693359	3
0.018	363248	3
0.019	150000	1
0.020	383333	3

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