it's almost like they've got too much land. this thing is freakin huge. the scale on this map makes you realise - its bigger than the ACT! guess that also explains the time, as they narrow down target areas.
i respect how they're going about it, slow and methodical and trying to not burn cash for the sake of it just sticking drills in the ground - 2-3k metres of drilling is not huge and won't burn much money. but if they're hitting smarter areas it can still be more effective than aimlessly doing 10k metres. seems like the previous management were inexperienced geos and treated this one as lifestyle, as its an easy asset to just drill here and there with some okay results (as there's copper everywhere). seems these guys are more legit (and backing themselves with such a large chunk of equity).
keen for them to get this one underway though, if they're hitting 4.38% copper again and can get some repeat hits, with the scale that this thing has, the imagination goes wild about where this ends up. probably with BHP (or wesfarmers again, like they're last venture). time for bed, i'm daydreaming again.
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