AIS 2.86% 18.0¢ aeris resources limited

Ann: HIGH-GRADE COPPER INTERSECTED AT CONSTELLATION, page-12

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  1. 5,118 Posts.
    lightbulb Created with Sketch. 4097
    A nice round of drilling though. Shame that the market is ignoring any base metal discoveries at the moment, all underground base metal miners in Australia losing money presently due to mining costs (underground development costs, fuel, labour, consumables etc) so the market gives a big yawn to this announcement.

    https://hotcopper.com.au/data/attachments/5593/5593800-e5438fdca3c4e14e494067a126fac420.jpg


    Look at the volume increase in the mineralization with those two pierce points on the long section, this is still open at depth and looks like its going to be in the hundreds of metres down plunge as they drill it deeper and deeper. Obviously the market pricing in a total operational failure at the moment, and not looking far enough ahead to when this will eventually be mined. But someone will mine it, someday, with those grades.
    Last edited by eastwest101: 20/09/23
 
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