Thanks, that was my original idea, but fully committed to my choice at the moment - and the best is yet to come (Minyari resource upgrade, Parklands results, and the corporate endgame that those results and other external factors will enable, which could start in the next 10 days).
And there is time yet with MHK. RC rig won't be drilling till next week, and those 100m (calculated average depth) RC holes drilled into hard **bro and vein quartz should be fairly slow going - I reckon 1.5 holes a day, depending upon how powerful the rig is, so it'll probably be another week before the visual geological picture really starts to stack up.
By then, they should have 250 composite samples from say 10 holes (if they sample the holes initially as 4m composite samples), which is a big enough batch to truck down to an assay lab in Kalgoorlie. Then ~10 day turnaround for high cost express assay results, or ~6 weeks for normal priced rather slow assay results.
So visual results in 2 weeks (watch the market 'the Market always knows..' as my old boss used to say to me), and then Assay results in either ~3.5 weeks or ~9-10 weeks I would think.
So plenty of time to cash up and take a position in MHK if that's what I decide to do.
But really, I'd prefer the confidence of that first batch of assay results before doing that. MHK have run so hard (equally envious - tight capital structure and tightly held stock count for so much), that I feel 100% success is priced in now, and anything less will have people running for the exits. Whereas the first sniff of confirmation of that success in an initial batch of assay results would probably cause an upward spike that would then get flattened by traders taking their profit, which would be the time I'd sit back and re-evaluate what to do.
Long answer. Best of luck for now!
Expand
(20min delay)