Reply to @Ibag - HC system often deletes the link I connect...

Reply to @Ibag - HC system often deletes the link I connect to.!!!

Thanks;
If you click on the poster's name up to 6 pages of previous posts of their posts come up (used to be 3 and may change).


First few results for your listing = Ibag



Browsing through the listings shows an interest in trading, CVV, MAG among others for you.

Such listings do not show everything a poster is interested in and mine is no different.

I find the geology aspect of exploration companies 'easy". However, good geology needs many more stars to align before the SP responds positively.

I did purchase some CVV rights last year with the expectation that the SP would actually go down for a period of time. Acquiring a significant parcel of shares, at the time, was quite difficult so it is gratifying to see the SP at today's levels. These are speculative stocks but for me, and others, the mid to long term potential is what I buy them for most of the time.

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To be on topic it is good to see more metres going into Dasher on top of current work at Ninan and up coming drilling at Opie (previously announced).


Some comments:

• Base of weathering is shallow and may not be an important factor for Cu leaching or enrichment. I got a lot of info from the 14/1/19 Ann. for this section and Hole #3
• The proposed drill hole shown is about 150m in length. 8 holes at 125m would be 1000m.
• Grades are perhaps a touch above normal with limited drilling (?) so far.
• Hole 12CADD001 was drilled down dip. Good to see long zones of persistent grade that extends below the scoping study pit outline.
• 18CADD003 stopped in mineralisation. Other drilling along strike may have given hints at the thickness of the lower zone? I haven't looked at what has been drilled since hole #3.
• #3 was only planned to go to 120m but encountered enough mineralisation to extend and show another zone could be present. Extract from Ann:

Surprise "Discoveries" such as this can modify previous models and add years to mine life. Anything new found with significant size and higher grade could be a real game changer.

The eternal optimism of the exploration geo that is too often dashed by dusters or technical success.

IMO there is a reasonable chance for there to be more similar deposits to be found which, with good financial backing, could extend the project beyond the 30 years mentioned in the scoping study.

Management have a nice cushion of funds at the moment (c$2.5?M less drilling and overheads) but it will not go too far if they explore and drilling all properties (Calingiri, Ninan, Dalwallinu, Brookton, and Toolbrunup).

IMO $10s of million are needed to get this project up and running to PFS, DFS stage. I hope the focus is on getting funding and bringing Bindi/Dasher towards development rather than exploration. The cost of exploring for higher grade zones would expose the company to financial stress and further cash raisings albeit at a better price. BOD will set priorities and hopefully they will work.

How CVV can get funding was hinted at by comments at the 2019 AGM and @CVVD's post on the SFX model.