ALR 16.7% 0.4¢ altair minerals limited

you can look at it another way. If they have drilled to the...

  1. 5,679 Posts.
    lightbulb Created with Sketch. 369
    you can look at it another way. If they have drilled to the original planned target of 1600 metres then they would have a reason to do so.

    In the past they have stopped drilling when the geology has changed. For example HWD003

    https://hotcopper.com.au/data/attachments/3625/3625627-64f2447eb2f8c4349d91a1fe6a844e74.jpg
    They stopped the drill at 1197 metres due to a reduction in mineralisation and encountering biotite which is not associated with IOCG mineralisation.

    I am sure they would have the same intention to stop on this hole if they struck significant lengths of non IOCG type of mineralisation.

    So, to me, its a bullish sign if they have drilled to 1600 metres or even further if signs of mineralisation continue past 1600 metres. At a conservative 50 mtrs per day they must be around at least the 1500 metre mark now.

 
watchlist Created with Sketch. Add ALR (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.001(16.7%)
Mkt cap ! $15.03M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $4.216K 1.130M

Buyers (Bids)

No. Vol. Price($)
20 48669681 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 8589353 12
View Market Depth
Last trade - 10.53am 28/06/2024 (20 minute delay) ?
ALR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.