Sound geological reasoning behind this. Genuine new discovery at Mt Venn - great genesis and follow up by the company on it. They engaged experts on Nickel early in the piece, have newexco working with the EM. There is eye watering potential in the eastern mafic conductors. Already having extensive wide zones of low to moderate copper/Ni/Co sulphides at Mt Venn central, with some good high grade intervals amongst it, plus these very strong 100k Siemens Dhem conductors bodes well for both current Mt Venn central drilling potential but also raises the potential of the upcoming eastern mafic drilling where success could equate to a massive discovery. Other geochem indicators also all align well to match the story behind this.
GBR Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
