ORPHEUS URANIUM LIMITED (ASX:ORP) - 2021 Drill Program - 100% will go ahead, 51248076, page-17 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by VXRallin: ↑

Argonaut Resources (ARE) is a great investment due to the upcoming drill campaign at Lake Torrens & the Murdie Project.

There have been several articles recently over the recent SA Government decision to allow ARE to drill at Lake Torrens and the Murdie Project.

I can appreciate and respect the opinions of others as to why they may not be happy with the SA government over the granting of the approval. It was also good to see that as part of the process to approve the drilling their opinions were taken into consideration.

Extract from Article: Transcontinental - Jan 11, 2021

Extract from Article: The Weekend Australian - Jan 16, 2021
As a shareholder of ARE, I am happy that ARE have put in place procedures and steps to protect and preserve the area during the drilling campaign.

Extract from ASX announcement: Argonaut Resources - Jan 4, 2021
Furthermore, ARE are offering royalties to any group where appropriate.

Extract from ASX announcement: Argonaut Resources - Jan 4, 2021
The question you are all thinking;

WILL THE DRILLING GO AHEAD?
100% it will go ahead, it is all approved, and the process is already underway!!

Extract from ASX announcement: Argonaut Resources - Jan 4, 2021

In fact, the SA Government awarded ARE funds to do the drilling.

Extract from Proactive Investor: Argonaut Resources receives $320,000 SA Government boost for drilling at Murdie Copper Project - June 24, 2020

The project has been several years in the making (20 years in fact), has the backing of the SA Government with all permits now in place and funding provided for the drilling. The last capital raise by ARE means we are fully funded for the program of works.

Kuyani woman Regina McKenzie, while saying that no consultation was done with her people, she believes there is ore at the proposed drilling site.

Extract from ABC North and West: SA Government approves drilling on sacred Lake Torrens, despite opposition from Aboriginal groups - Jan 5 2021

Keep in mind when reading any article posted by any media outlet, bad news sells newspapers, and fear and uncertainty is 'clickbait' online.

This is an outstanding project, right next to the biggest Copper mines in Australia. Olympic Dam, Prominent Hill, Carrapateena and BHP's recent Oak Dam discovery. I am sure due to the work done by professionals in this area that Lake Torrens, and the Murdie Project will be added to this list.

If you wish to fear anything, fear what is most likely. A big fish comes along and swallows up ARE as soon as they make their Copper strike. A little research on Prominent Hill will show you how that works in this highly successful Copper region. Just make sure you have a piece of ARE before the big fish comes along.

GLTA

Expand

Drilling will start at ARE next month. Lets hope the results are as good as Prominent Hill (OZL) and Olympic Dam (BHP). They are some of the biggest copper mines in the world. They will be digging copper out of Olympic Dam for another 100 years.
On the gravity results, Olympic Dam is 10 times the size of ARE, ARE is 10 times the size of Prominent Hill. A scary thought if ARE hits Copper, from the first drill hole at Prominent Hill minotaur resources (who drilled the successful Prominent Hill discovery) share price went up 1,200%.
https://www.copyright link/politics/minotaur-does-the-right-thing-by-bulls-20011128-k19z8 (AFR article November 2001).
When Minotaur Resources discovered all the Copper at Prominent Hill, the Copper price was $0.61 a pound (Nov 2001), today the Copper price is $4.07 a pound (Feb 2021).
I have included the gravity results from the 3 mines;
ARE

Prominent Hill (OZL)

Olympic Dam (BHP)

ARE and OZL look like they are a mirror image of each other, except that ARE is 10 times the size of OZL. BHP looks like ARE but on steroids.

ARE are drilling company making holes, this won't be a re rate once the results come out. If all goes to plan, and this is all listed by ARE, they have told us how fortunate they are to be drilling these holes after a 20 years process of people trying to get permission to drill these holes.

We might see the jump like Minotaur Resources did in 2001. Do not forget the price of copper in 2001 as compared to today, $0.61 (Nov 2001) to $4.07 (Feb 2021). Add to this the current shortage and future need for copper for Electric cars and infrastructure builds to try and get the world economies moving post Covid.

20 Year Copper Chart

Bring on the drilling, bring on the results. The first round is on me