Going into next year, Mckenzies prospective for nickel, copper, platinum, plus two gold projects.
Marketcap under $6.5m with $3.3m in bank, honest/responsible management.
These are prelim results for 3 holes only, the results so far are encouraging.
Why did Jason say they were exciting/encouraging ? Because they show clear indication of mineralisation. Reminder that Simon Mottram who joined the company few months ago has 25 years exp predominately in nickel sulphide, gold/copper.
DHEM contractors on site next week to optimise drill hole locations and assays incoming.
No raising in near term, plenty of cash to fund day to day operations and complete drilling program at maiden drilling project. Maiden... this company is still in it's infancy, plenty more to come...only 3 holes and they have hit visible mineralisation. They have confirmed host rocks at McKenzie Springs, which is very similar to the nearby Savannah Nickel Mine.
Not sure what some are expecting but this is value. Sure it's early days, and might not be super results like some others but the marketcap is so so much smaller than some of these other companies.
These situations are usually similar, happens all the time. Run up on ramping because of other similar companies running up, similar and/or unrealistic exceptions which don't instantly occur, this then triggers a sell off in traders who positioned themselves, who then move the price. Can be a blessing in disguise too. Been here many, many times, sit tight, patience required, all IMO
- Forums
- ASX - By Stock
- Ann: Drilling Commenced targeting Nickel Sulphides
Going into next year, Mckenzies prospective for nickel, copper,...
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FIN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $7.791M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.2¢ | $15.05K | 1.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 993002 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.010 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 993002 | 1 |
0.016 | 423796 | 3 |
0.017 | 350000 | 1 |
0.018 | 1401254 | 3 |
0.019 | 75757 | 1 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
1.4¢ |
  |
Change
-0.002 ( 6.67 %) |
|||
Open | High | Low | Volume | ||
1.4¢ | 1.4¢ | 1.4¢ | 287700 | ||
Last updated 14.54pm 07/05/2024 ? |
Featured News
FIN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online