S2R 4.17% 10.0¢ s2 resources ltd

News: S2R S2 Resources Says Agreement Oxley Resources To Earn 70% Interest In Warraweena Project, page-5

  1. 139 Posts.
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    Realistically, Fosterville is 2 years behind in exploration considering it took it so long to get granted.

    I feel as if management were hesitant to chase another project in the fear that fosterville could be granted at any moment (i'm sure they were being lead on by various departments too). But in the last 6 months, they've started acting as if fosterville is separate to S2 and they have gone about getting "high impact" greenfields targets (what they do best).

    Whilst these assets (this and Koonenberry) are very early stage, they will be absolute key value drivers for S2.

    Whilst i like fosterville, the geology is extremely complex and i don't think it'll be the one drill hole company making project that some peopl expect. I view it as a bonus. Cream on top to any other projects S2 have, as long as it doesnt chew up all the funding, keep it ticking along.

    There is still a long road ahead but they are back doing what very few ASX companies do and that's proper greenfields elephant hunting.
 
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