CUS 7.32% 4.4¢ copper search limited

Ann: Copper Search Quarterly Activities and Cashflow Report, page-7

  1. 3,619 Posts.
    lightbulb Created with Sketch. 1041
    S/holders might need a bit of patience here.
    Undoubted potential for a hot commodity but finding orebodies with the first drill hole rarely happens. You sort of creep up on them with a bit here and a bit there, before hole number 6 in a geophysical anomaly - sometimes - goes Bingo!
    The other complication here - perhaps not well recognised - is that drilling is going through the Great Artesian Basin, so there'll be some abandoned holes (as the drill hole becomes a high flow water bore).
    Anyways, love the science and methodical approach on target selection. Tony Belperio in charge of the geophysics when Prominent Hill was discovered (I think that was about the sixth hole..).
    Might be a few ups and downs this year. A stock for the bold and the patient.
    Last edited by bottle: 25/04/23
 
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