Ann: Drill Results Confirm Major HMS Discovery at Rosewood, page-125

  1. 7,132 Posts.
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    Hello. Thanks Warren. I did sell at 42 cents on 6/2/25; the day of the last major announcement; where the drill results in terms of area and thickness and thus total resource potential did not meet my expectations; but i bought 1/2 back at 24.5 cents. I also bought some NYM back (which i also sold on 6/2/25). About PTR, i am personally not happy with their approach; which for me lacks urgency. PTR appear to want to go exploring while I would have preferred PTR to rapidly drill out the Rosewood deposit (given it costs so little) to at least an Indicated JORC level. For me, the market is interested in JORC; the market is interested in "tonnage". This said, as expected. PTR have lots of metallurgical work to do (per the below), to test the economics of the ore; which they are doing. This will take time. But i sense PTR themselves broke their own momentum by not advising the market they are drilling out the Rosewood deposit. I still hold and will also buy if it goes lower. PTR do believe there are more mineralised sands towards the north and NW of Rosewood therefore I am hoping for good results also from here. Regards and thank you again. smile.png


    https://hotcopper.com.au/data/attachments/6851/6851811-918ea7d623480c5016c5884bf6f9b2f1.jpg

    Last edited by GKeden: 04/03/25
 
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