Ann: Base Metals Intersections Expands Minjina Discovery, page-7

They’re getting glimpses of the Zn grade they will need (2-6%), admittedly at the lower end of that at the moment, but that’s probably while they are signalling they think this is distal mineralisation.

From what I understand of these VMS-style discoveries, the zinc sits in shoals of lens-like deposits. Generally not much thickness to them but with longer strikes and plunges. They found a number of these at Teutonic Bore, which is getting mention as a potential comparison.

The bet here is that they drill through an area that has closer resemblance to one of these lenses. If the market starts speculating there are more of them, we go on a potentially spectacular run.

I think CMO must be close to a capital raise, though. Hopefully they can do another round of drilling first, with results that get us into the initial excitement phase.