Originally posted by aquadog
if there was so much promise do you seriously think that the the share price would b .002c these guys are a joke
G'Day aquadog- iTS ONLY JUST BEGINNING
Market will react to Fire Assay results still pending, not sure why you are holding if your sentiment is to sell,
though exploration has no guarantee's, assume you entered early & are suffering understandable stress from the s/p slide.
if you research why the drilling delay occurred, you will see the CLC-( Central Land Council ) could not complete the heritage survey
that needs to be signed off on allowing the MMP-( Mine management plan ) to be action-ed & drilling to commence .
The CLC Council delay was unfortunate & occurred due to the Tanami Road upgrade & the laying of the Gas pipeline to Darwin.
These two projects open the N.T. for business as access to what was very remote high potential mining area's are now becoming feasible as dynamics are changing.
You may wish to consider the Trans Tanami Corridor two basically east west faults - That have Callie NEM's Newmont's flag ship mine to the South West producing in excess of 650,000 OZ -P/A & that the majors are moving into the Tanami-EG-NST, NCM, IGO, & NEM being firmly entrenched the others forming J.V'S with any Exploration Company's that show high potential within there tenure regarding exploration programs .
The North Arunta Project-GLA
The North Arunta Project consists of
a very large, ~4,500 square kilometre package of grantedtenements and tenement applications.
The project covers a >200 kilometre long gravity ridge associated with a
Paleoproterozoic successionof metamorphosed sedimentary rocks of the Lander Rock Formation, dolerite intrusions and largegranite intrusions.
Importantly, the Lander Rock Formation is
considered a stratigraphic equivalent ofthe Killi Killi Formation of the Paleoproterozoic Tanami region (c. 300km to the west) that hosts thesignificant Coyote and Oberon-Titania gold deposits.
The project also sits on the 550km long goldendowed Trans-Tanami Corridor, a first-order crustal-scale fault that is spatially associated with
theworld class Tanami deposits including Callie, Tanami and The Granites.
The Arunta region has severalknown mineral occurrences including gold, copper, nickel, zinc, tin and tantalum.
Exploration is not for every one - High Risk vs High Reward -good research is paramount.
Have you researched who the identities are within GLA & Thunderbird Metals-The managers -private company -rather compelling for obvious reasoning .
Sell if its not your thing AquaDog though to sell on the cusp of Assay results does not make a lot of logical sense
Good luck regardless.
salt
