Must admit, I had not expected Pepper to be so powerful, it has really saved Never Never exploration target (it was 1.6m-1.9m), so it was a miss, but.... I am not being critical, just realistic, otherwise this announcement would have been very different in its reception to the market.
I think I need a few hours to really read through this multiple times to really let it sink in, but... that aside, Pepper is bloody amazing!
If.... IF IF IF Pepper extends past the next Flexure zone like Never Never does, then.... I think the only way RMS gets the price is a literal merger of equals, and I do wonder if MZ will find that palatable (again, this is just my first gut reaction to the announcement, perhaps in days to come my exuberance will return to normal).
Above is the low hanging fruit for NN and Pepper.... whilst the Drill drives get developed (I wonder which will get done first out of the 5-6?).
Then you have the maidens for the other U/G (which are far less drilled out....)
Pretty sure this puts to bed that SPR are going to do any sort of massive open pit stripping........ good bye....
This is why the team needed a short break.... planning for the next major drilling campaign is pivotal for the company to get right.
Almost like there is still a lot more to come right.....
This is very new.... Gives you further perspective on what might be possible with further drilling at FP/WW/AC.
oh... just too much to read and see!
Really hoping they are able to drill out Sly Fox etc... just seems like such an opportunity for bulk mining.
Cannot help but be a little proud, this is a rare occurrence. in the mining industry, I mean like... rare rare. A company that went into C&M twice.... yet is now undoubtedly going to be one of the lowest cost long life producers on the ASX.
Good luck to all holders.
(20min delay)