FEX 0.00% 24.5¢ fenix resources ltd

patterson leases, page-5

  1. 3,890 Posts.
    John,

    I totally agree.

    It's difficult to get a metric for the base metals tenements because the work to date has mostly been prospecting, now we need the drills. Once EMG get a few aircore campaigns under their belt it will help punters like me come to grips with valuation.

    I watched with interest ARM's share price bouncing a good 10% on announcing gossans find in their leases. Well...EMG have these too, and lots of them. And an O'Driscoll's lineament. And they've done extensive work a year or so ago with the CSIRO which turned up some pretty positive results (that haven't yet been discussed with the market).

    Now...we just need a PLAN to extract value from the leases.

    JT
 
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