Whatever they learn from this current drilling program and the updated geophysical surveys just completed will be used for the next targeted drilling program. Most companies don’t reach success and a discovery in phase 1 drilling. If this drilling program failures (which is now less likely after todays announcement) they just go back to the drawing board and target the mag or gravity in a new light, potentially go deeper, different trends etc. It will just require a new capital raise but that won’t be difficult as a company in the west Arunta with plenty of juicy targets. If you can’t hold out and threaten to sell after one drill program then that’s on you. I can afford to hold 5 years or more if I want and every new opportunity that exists at lower share prices I will take with both hands. Different investment strategies I suppose!
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Ann: Copper Sulphides Intercepted at West Arunta, page-68
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Mkt cap ! $3.510M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $10.44K | 870.4K |
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No. | Vol. | Price($) |
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10 | 3345095 | 1.1¢ |
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Price($) | Vol. | No. |
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1.3¢ | 1546666 | 3 |
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No. | Vol. | Price($) |
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10 | 3345095 | 0.011 |
6 | 1802323 | 0.010 |
5 | 1513333 | 0.009 |
2 | 400000 | 0.008 |
2 | 271430 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1546666 | 3 |
0.014 | 1462816 | 7 |
0.016 | 276029 | 2 |
0.019 | 35117 | 1 |
0.020 | 241675 | 2 |
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