Morning all.
Why I like the risk reward of tar.
Recently had a large amount of chk and that wasn't so nice.
Now let's look at the drill depth~1000m and so far, just some pretty cores.
TAR?
You can see from the pic below that shallow drilling has sniffed out some low grades.
Where is that leaching from and keep in mind it is over a large area ( 34km actually ).
That Interpreted anomaly is very shallow so any drilling will be quick to test that theory and inexpensive with assay returns also quickly.
With a mc of ~$22m and copper price of just over $4.10/lb, a discovery hole will send this flying.
Resolution of the misunderstanding that is holding up the drilling program must be getting close and this has provided an opportunity to get in cheap.
More targets than just that pic above.
Wyacca had a run of mine grade of 40% cu is reported here from what records they could resurrect.
These are very shallow historical workings unlike others along the G2 structural corridor, eg: Oak Dam, Olympic Dam.
As for the chart, it looks like it has been on hold for a long time ( around the same time as the dispute ) and usually the longer that sideway movement lasts, the bigger the breakout.
An update soon would be a great catalyst for some sp appreciation.
I know that holders have been very patient here but we must be close to obtaining clearance to proceed.
I hope you are all set and ready for the approvals to hit the go button on drilling.
Kind regards, Wack
