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7.14%

3.0¢ stavely minerals limited

Ann: Capital Raising of up to $8.3M to Fast-Track Exploration, page-147

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182 Posts.

5

04/02/18

10:48

Post #: 30802645
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Originally posted by eshmun ↑

I suppose it depends on the tenor of the discovery hole. 300-500% seems a bit exaggerated to me unless they pick up some high grade core intersection on the discovery hole.

XAM have been drilling and defining their porphyry Cu-Au discoveries for years (JORC resources of 1,533 MLB CU & >2 Moz AU) and have recently had an intersection of 650m at +1% CuEq from surface (not to mention they are in a world class porphyry Cu-Au province) and their market cap is only about 3 times that of SVY (not sure exactly what the project value is though once other project level interests are factored in, need to research that one again).

These systems take an awful lot of time, money and effort to drill out. Being in Australia if the discovery is good the project should trade at a premium to XAM's though IMO.Esh

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those are good points. Cairns commented in one of the interviews that it would be a roughly a 2-3 year process to really establish the value of the resource and hopefully see it realised in dollars

got a long way to go

thanks to the knowledgeable contributors, muchas gracias

SVY Price at posting: 45.5¢ Sentiment: None Disclosure: Held
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Last 3.0¢		Change 0.002(7.14%)		Mkt cap ! $12.24M

Open	High	Low	Value	Volume
2.7¢	3.0¢	2.6¢	$45.42K	1.677M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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2	500000	0.027
4	919793	0.026
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0.032	24679	1
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