Its bloody hard being a junior explorer, I feel for Max, but I'm sure his salary got paid.....so no problems for him.
However, no good news is in the pipeline for at least 4-6 weeks and that will require a random good hit on the dead cow which doesn't look promising so far, with only teeeny weeeny flakes of bornite and the markets are brutal. This will drift to the downside. Surface rock chips were not born out by drilling.
They also need to be honest about past drilling by Alara in 2012. Culpepper are claiming no modern exploration which is a lie. 5,0000m of drilling in 2012 is modern exploration and it obviously was not all that good or it would be in their announcements.
Now that being said there is clearly copper everywhere and it is a large system but it will take a while yet to zero in on the goods. Will they have the money to do what it takes?
You can still lose another 50% 5c- 2.5c.
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