Yep the ongoing work at Federation, Kairos and Great Cobar looks great. I notice at Kairos that holes 1706 (with the 13m @ 50.7g/t Au + 16% Pb/Zn) along with holes 1730 and 1713 fall on the edge of or even beyond the current resource. That's got to be good. Proximity to the current decline even better. The infill at Dargues even gives some reassurance surrounding the current resource. The one fly in the ointment is the change in wording for when Kairos kicks in. It was "early in the June quarter" and is now "in the June Quarter" when a secondary egress is excavated etc. is completed. When we finally get there, Kairos is the first stimulus to the share price so the wait is rather excruciating given we've been through many a delay. All said and done, patience is the name of the game because we've always had the mill capacity and the resource in the ground. Kairos and Federation resources are great, and the copper in Great Cobar is extensive. I'm happy to hold and won't be selling sub 80c.
AMI Price at posting:
38.8¢ Sentiment: Buy Disclosure: Held
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