STK 3.75% 7.7¢ strickland metals limited

Ann: Exciting New Gold Discovery at Horsewell Gol, page-239

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  1. 470 Posts.
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    re: Ann: Exciting New Gold Discovery at Horse... There are very few gold explorers with a cap under 10 million (actually under 8 million right now) who have 30 odd metres of gold from the surface.

    The big question is whether these were three incredibly lucky drill hits, striking a narrow area of gold with just sand & rock all around them, or whether the deposit is larger & extends outwards.

    If they don't hit more gold on subsequent drills, they're out of luck & need to look elsewhere, and the price will stagnate. If they do hit more, indicating a larger deposit, they deserve a much larger market cap hence the "no brainer" comment. I'm not sure its a no brainer just yet, especially in our sceptical market, but its very close :)
 
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