The GEO results blew me away.
Ya, we all talk a big game but, these results are incredible.
I was saying and hoping 100-200M but, seriously...to get 10-15 bags out of this and
get a 80,000k JORC I would have been happy with 50-100m and the odd 150M+
I thought like many (other companies) who looked at Candelas, that it was just a shallow river basin with maybe a few brine pockets. However, I figured it was long so...It should have "some" brine it there and we'll plot along.
DID YOU SEE ALL THAT BLUE in CSAMT – Profile 4!!!!!
We might get 80k just from that area!
Every area was covered in blue. Deep too.
400M-600M in some areas!
It's a Lake of Brine!!
The Great lakes (the largest fresh water lakes in the world have an avg. depth of less than 100M
(http://sciencenorth.ca/mysteriesofthegreatlakes/index.aspx?id=1269)
I'll let the JORC confirm this but, this ain't no bloody river basin...
This is a catchment area!
This is JUST IMO but, I think there's a Lake of Brine between Line 3 and 4 on the Western side.
There's 10km+ of Brine!
I'm trying not to get too excited here but, DMI is aiming for a JORC of 80K...I think one needs to start timesing that by a larger number.
I don't even want to write it down but, GXY SDV had a 5,600,000 JORC before they sold off the top part for $280M U.S.
https://www.asx.com.au/asxpdf/20180529/pdf/43vcfjdh9jd6rd.pdf
*I also give merit to these results as Quantec Geoscience Ltd is the same GEO company GXY used...there drilling/JORC also CONFIRMED the GEO results.
https://quantecgeo.com/technology/geophysical-technology/
NOW we just wait for the market to figure this out.
Then the JORC, to lock it in! (which is 6-12 months away)
But wait there's more!
-The Gravity survey will re-confirm these finding and are very due soon!
-The company has now commenced its permitting procedures to conduct drilling over the project.
-The company has also recently expanded its position with the addition of a new licence application contiguous with the Candelas leases to the southeast, the Candelas X licence...to increase the size of the project even more.
-The company is STILL in acquisition mode re- new land.
What scares me is this is too good...the MC should easily be in the 30-50M range.
I've never got in this early before.
All IMO
You MUST DYOR!!
(I could be totally wrong and it goes back to 10 cents.)
- Forums
- ASX - By Stock
- GLN
- Ann: Geophysical Survey Results Confirm Extensive Brine Potential
Ann: Geophysical Survey Results Confirm Extensive Brine Potential, page-39
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $197.6K | 1.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 269000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 0.115 |
23 | 1457679 | 0.110 |
24 | 1921287 | 0.105 |
57 | 3690642 | 0.100 |
4 | 131111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 269000 | 4 |
0.125 | 441061 | 7 |
0.130 | 500900 | 13 |
0.135 | 1008914 | 4 |
0.140 | 133258 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |