Read the quarterly, not a great deal new. Evertthing chugging a long nicely. New contracts to be announced soon. Feeling nicely comfortable at this stage. Buyers building. One thing in the quarterly that is potentially very exciting is the upcoming drilling by Noranda at Mt Gunson.
A minnow like Gunson does the initial and fins 3.4%copper over 4 metres, interesting but hardly anything to write home about. A major like Noranda comes along (third biggest copper miner in the world they should know a little of what they are talking about) and redoes the data coming up with a 4 by 7 kilometre anomoly which is untested. The original Gunson drill was outside the anomoly as defined by Noranda!
Drilling starts mid August. Of course none of this is any guarantee but it will be heart in mouth stuff for holders once the drilling starts. Speccy miners, it is like owning a two year old untried racehorse. You pay to dream. Gunson holders while waiting patiently for Coburn to start Mt Gunson is going to be a major distraction. We are free to start dreaming, LQTM
Regards,
Pagarsi
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