Closer to 40MC and much smaller pegmatite strike of around 130metres at Lei but agree undervalued yes.
Call me crazy but I am of the belief that we could go up 5, 6 * from here and in a short period of time.
The 'Datsun' like shallow RC rig at Megabucks knocked the wind out of Charger's sails and scared off any would be investor following. However since then, they deployed 2 more capable RC's and a Diamond Core rig that has been drilling continually at Enterprise.
We need a good start to the assays and perhaps more significantly build up a case at Enterprise. If the market becomes of the belief that a resource estimate may be in the vicinity of 10MT or possibly more things could get much more interesting from here. Even better if the likes of 7UP show some decent intersections.
What will the ANT survey tell us? EG1 a 50MC and no closer to putting a shovel into the ground, on the back of one area covered by the survey likened their prospect to that of BP33. Will we get some similar language from Aidan as did their MD?
On top of this we have Lake Johnston. Already 10 of the JORC compliant resources come from this region and very pleased that they will be drilling deeper in Q4. No disrespect to David however to only drill one hole at Medcalf to 200metres and most of the others less than 180 was far too conservative. We should have been back their earlier but at least we are soon. In the meantime we will get the soil surveys from Lake Johnston. Hopefully they will read like that of RDNs
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