SHN 14.3% 1.2¢ sunshine metals limited

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    This is the guts of the article:

    Which ASX stocks is Widdup looking at?

    Sunshine Metals (ASX:SHN)

    “If i had to get stock specific, Sunshine Metals is trading at about a $15 million market cap and the hits from their Liontown resource in QLD have been monstrous,” he says.

    “I mean stuff like 20m at 18.21g/t gold, plus they’ve realised there’s a precious metals-rich part of that deposit which has been poorly tested,” he said.

    “The ability to develop a predictive model and then hit things off the back of it is rare, the managing director – Damien Keys – thrives where there’s been datasets that have been created but just haven’t been squeezed hard enough, or not squeezed at all.

    “He’s got 30 years of data at his fingertips there and he’s going through it, licking his lips and finding things.”

    Widdup says SHN is his top pick on the basis that it is cheap, and they’ve been able to have success off their geographical model, which sits amongst a resource.

    “If they were to apply that model to other targets in the area, of which there are plenty, I see a long happy history in front of them, especially if they can get a few holes in the right places to start with,” he said.

    Last edited by subi1: 03/04/24
 
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Last trade - 15.57pm 17/06/2024 (20 minute delay) ?
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