Plenty of emphasis on Swagman....not sure how to view this after so few holes to date? Little/no mention of Lens 6 bar the increase to 15% coming from there this quarter, 11% last. Funding decision delayed, possibly in line with delayed SSEA approval...makes sense. Shorter development timeline re Jericho makes this immaterial which is handy. May also relate to significant rise in Cu/Au possibly meaning less $$$$ required? The Swagman commentary does perplex me. So few holes, yes they are currently drilling, but they are already talking about seriously accessing Jericho from there, no Boxcut? Certainly interesting!! But seems Very Very early to be suggesting this, they clearly / hopefully know their stuff and perhaps more than they are saying? ....I am expecting Lens 6 follow up drill results in the next few weeks. ....I am expecting $40m ++ in the bank by July if Cu/Au hold up, currency continues to fall and they get to sell their copper on time this qtr!
A1M Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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