Expecting drill results very soon. Actually should have received...

Expecting drill results very soon. Actually should have received them week just gone. So. any day now, really.

risk right now is that the remainder of the cores come up lack lustre OR are what the market has already priced in.

Currently sitting around 80m MC, with estimates for a half decent result from these core bumping the MC to anywhere from 100-120. That's a moderate case scenario. Best case scenario, who knows. people are throwing around numbers like 300, but that's just guessing.

The company has more-or-less 70% stake in the adjoining company/tenement under NYM. Also has a neighbour, MEU. All three companies have been posting pretty decent finds.

The 'consensus' around the PTR traps is that the basin on which PTR sits is where most of the titanium settled over millions of years, separating from the iron. which, apparently, is a big deal because the higher titanium/iron ratio, the more profitable the deposit. views around here are that the neighbours, particularly MEU, have 'less good' titanium/iron ratios. But.... that's a sore spot for some. Personally, I think all three companies probably have something half decent in their hands.

Money is running low, so there will definitely be a cap raise in the near term. But the company had the opportunity to cap raise after the first cores were announced late last year. They didn't. I bought in more after that little test was done. I wanted to see if the company had confidence in the upcoming results by not jumping at the opportunity do a CR on the tail of the 10x in price. So management appear, at least, to have confidence of being able to raise at an even better price that the 3Xc price they could have last month.

Risks for me are that instos bought like 17 million shares a a short while ago. Which i can only guess will likely be used to start shorting if/when this company takes off and will cause no end of headaches for us retail folk. others disagree with that assessment, but that's just my view.

In fact, all this is just my view only. it's not advice. dyor because this, at the end of the day, is just a small time explorer. probably loads more risk.