S2R 8.33% 11.0¢ s2 resources ltd

I am not a geo so how would I make a 'global discovery ' an...

  1. 33,607 Posts.
    lightbulb Created with Sketch. 1770
    I am not a geo so how would I make a 'global discovery ' an irrelevant question by you.

    As to drilling if they now focus around the shallow mineralisation intercepted by hole SFVD0003 then they can prove up a small resource at low cost to reserve status , maybe monetise it (who knows there could be a mill near by) because the drilling is obviously cheaper being shallow , ore found will have also have a low strip ratio .

    Instead previously they drilled hero holes costing a fortune for guessing 400 meters in depth looking for another Nova analogue style discovery in tonnage on what are anticlines and synclines inherently lower in tonnage , so unlikely to give similar high $ results no matter the type of mineralisation .

    Yes I do have a scathing contempt for geos , who think they know everything with inflated egos based on previous track records , there are a number out there who gloat about their previous discoveries but have only proved up failures since , lets hope these guys are successful for shareholders in increasing the share price , I get no satisfaction out of seeing shareholders especially retail ones loosing money .
    Last edited by plough: 21/05/24
 
watchlist Created with Sketch. Add S2R (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
-0.010(8.33%)
Mkt cap ! $49.81M
Open High Low Value Volume
12.0¢ 13.0¢ 11.0¢ $7.015K 58.30K

Buyers (Bids)

No. Vol. Price($)
1 249381 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 12891 1
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
S2R (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.