My pre announcement expectation was above 2% for this drill hole. Bit disappointed but this is deep & explorative drilling. Current area's most likely have higher grade lenses scattered at varying depths. Our neighbours have also deep pockets (and a very large market cap). I have very big hope's that the pluton (source) is down there (hopefully we will find out early - mid next year??). I also believe that this stock is massively undervalued & the scope is enormous. It also recently gave Barry Fitzgerald a vote of confidence to mark it as a speculative buy :
"TIN – Stellar (ASX:SRZ): Trading at 2.3c for a market cap of $19m. Another case where a bumper commodity price has yet to be reflected in a company’s valuation.Tin has doubled this year to 10-year highs. It stands to reason then that the development prospects of Stellar’s Heemskirk project in Tassie have also improved dramatically. A 2019 study pointed to all-in sustaining costs of $US13,100/t. Tin last traded at $39,500/t".
Look forward to next year's drill results & company reporting. Enjoy your festive season !
SRZ Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
