No, not really comparable at this point of time. CHK put down 4...

  1. 6,527 Posts.
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    No, not really comparable at this point of time. CHK put down 4 holes and in the market's eyes were dusters. Maybe they will get a good hit one day, but right now all attention is deservedly focussed on COD and jv partner TRN. To get a good result from the 1st deep hole is very noteworthy since although these IOGC systems are large, hitting mineralization is not a certainty with the first series of holes. Olympic Dam needed some 10 deep holes before they got a decent result there. In our case, with the success of out first hole, we will have some early idea of where to expeditiously vector the next holes. Hope they run a wedge hole or several wedges off the discovery hole to give us some idea of the mineralization nearby as a kind of "step-out" without having to drill from surface which is more costly. I also feel it can't be emphasized enough that if we do prove up an economical orebody in time, we dont need to spend much capex because the mill at Olympic Dam just 16kms away would be happy to take the ore I'm certain.
 
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(20min delay)
Last
8.3¢
Change
-0.004(4.60%)
Mkt cap ! $20.71M
Open High Low Value Volume
8.5¢ 8.7¢ 8.2¢ $7.627K 88.47K

Buyers (Bids)

No. Vol. Price($)
2 15052 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 11111 1
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
COD (ASX) Chart
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