CPN 4.41% 6.5¢ caspin resources limited

Nice work @kyngdominion, great to have you on board. I have...

  1. 260 Posts.
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    Nice work @kyngdominion, great to have you on board. I have always valued your insights, commentary and charting from our time at DEV.

    I reckon you have entered at a good price, ~25% less than they sophs in the last CR @ $1. Plenty of upside here IMO and you have come on board at a great time pre a flurry of news flow.

    IMO there is a lot to like about CPN and there is a reason CHN took 10% @ IPO... plus you would have seen the comments from Alex Dorsch above... a pretty resounding vote of confidence.

    This current round of drilling will be a real test of CPN's theory of the geology, it's a bit of a moving feast... as RobThomas said... it's a bit more complex up here, north of Julimar. The geology does seem more sheared, with various thrusts & sutures, hanging walls and footwall zones. From what I have seen I believe CPN have a much stronger grasp of where the mineralisation is hiding. Probably a better grasp at this point in time than DEV has tbh. We will be finding out very soon.

    So, IMO these assays from the first 3000m RC drilling may not be the company maker... it could be... but I am more interested when they drill the next 2000m RC and the 1 deep DD hole... I'm particularly keen on the Northwest anomaly and Eastern anomaly... where the basal contact is interpreted... see below.

    https://hotcopper.com.au/data/attachments/3679/3679139-9339a8e05b4f916ec1f1bca8ae459bf5.jpg

    Also keen on the drilling of XC-22, a strong AEM anomaly, which is coincident with a magnetic high and gravity low, potentially representing
    serpentinised ultramafic rocks. All analogous to the Gonneville intrusion.

    https://hotcopper.com.au/data/attachments/3679/3679141-ee87f10f65c1439550ced5d6efa29be6.jpg

    Lastly... and for us joint DEV holders, this map below gets me excited. The whole trend of the interpreted intrusion which connects Sovereign Hill to CPN's Yarabrook Hill. So if CPN do hit the goods, watch out for the implications for DEV, who are drilling on trend as we speak. And likewise for CPN if DEV's drilling of their 12km Mafic-Ultramafic intrusion hits the goods...

    Tbh I would just be happy with significant hits of Nickel, Copper and even cobalt... any commercial PGEs will be a bonus.

    https://hotcopper.com.au/data/attachments/3679/3679175-cf34279e9313e9dea60554f888093d6c.jpg

    Excited to see this play out.

    GLTA
 
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