McPherson prospect is located in just outside of FR high gravity flank zone. From my vague memory, ENT had initially downgraded its prospectivity even there were sound geochemical evidence, previous exploreor's drilling result (of magmatic Ni sulfides ?), etc due to no conductor(s) there in early years. Since, it looks AONs and CR1 seemingly having carried out some sort of surveys there. CR1 announced no conductors encountered in early days before moving to Eyre Anomaly prospect. Then recently McPherson prospect has been resurfaced with some subtle (likely) bedrock conductors (with no specific conductance).
From my understanding, even it is located in same southern FR as Nova-Bollinger deposit, literally no close benchmark case nearby.
Nova's conductance was around +5515, while McPherson's 4 target conductors looks relatively not strong. However, only mother nature should know their underground characteristics fully. So, not like E63/128, personaly think neither 100% optimistic nor 100% pessimistic stance towards this prospect looks reasonable.
Regards,
ENT Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
