re: Ann: Drilling Commenced at Martin's W...
Hey Dag66,
Good to see you over here, your comments will be greatly appreciated. Hopefully you are right about my picks (please!!!!!) I currently think SMC are slightly undervalued, as they do actually have some gold (unlike some other players). But they are major foot draggers with Woolgar - which does not fill me with confidence, and neither does the 340M odd shares on issue!!! Martin Wells looks like it might have some weird geology. Not necessarily convinced on the hydrothermal fluids relating to diapiric intrusions theory - temperature too low to mobilize the chalcophiles I thought. Thinking maybe hydrothermal relating to a distal (or small local) igneous intrusion(IOCG/skarn style??). Or possibly a "hot" SEDEX into the ironstone formations, although thought they mentioned the anomoly cuts across strike. SEDEX would be stratigraphically controlled (remobilized??) Anyway will know pretty soon if its all BS or not as the target anomolies are not very deep.
SMC Price at posting:
1.8¢ Sentiment: None Disclosure: Held