Excellent! Australia's most successful 'prospector', the...

Excellent! Australia's most successful 'prospector', the legendary Mark Creasy, bought another $200k of shares in the recent raise (at 2.7c), which tells the world that this most astute gentleman thinks the stock is worth more than that. He's not one to buy spec. stocks for the sake of it.


I've bought a few more since the CR. I'm not worried that possible preliminary indications - such as visuals - have not (yet) been released from the 3rd DD hole because there is no indication that the hole has reached its target yet. There are so many possible factors that can delay getting drilling results within estimated time frames that I've long since learned not to think less of a stock simply because things are taking a little bit longer than initially expected.

In my experience, most short drilling delays have nothing to do with the underlying value of a company - frustrating as they are at times like this. I understand that, for short term traders, days here and there can be very important for cash flow reasons but I'm in this stock to make a killing. Sure, I trade some here and there but, again, my experience has been that life-changing wins come from a major rerate, which seems to have now started. On what I've seen to date (placing next to no importance on our not yet having heard from DD3) I expect that rerate to continue, given:

• the recent exciting airborne EM results ++ (...on top of other available exploration techniques)...
• directed to Helix's highly promising, and vast acreage position in a great mining jurisdiction... Remember, Canbelego was the first of "24 high priority copper targets along the combined 120kms of prospective copper trends ...". It's not a bad start, especially as the new zones revealed in the first 2 diamond holes will add copper (+ and maybe more) to an existing resource;
• ... coupled with a multi-million dollar exploration budget with a commitment to drill the many under-explored or even unexplored compelling prospects along the various trends ...;
• unleashed by the enthusiasm of the new MD...;
• all combined in booming copper (and gold) markets;
• not forgetting what we've seen from the hole DD2. Again, here's the pic. (annotated in red by me) of the core tray. Until we get the assays, and drill more we don't know how much copper is down there. But we do know for sure that it's high grade!