Yes, good stuff. And a most exciting comparison with New World Resources' Antler Project in Arizona, which I note is now being hailed as the ASX’s next big copper producer, having turned out some pretty impressive PFS numbers.
Dormer: The best comparison for where we are at the moment is probably where New World Resources were with their Antler deposit when they first started out. The Antler deposit was mined from 1915 to 1970 - only about 70,000 ton, and began with 750 metres strike.
Now when we look at the history of Pearl, Pearl was mined 1940's to 1950 about 60,000 ton. Surface identified strike - we've got known 800 metres,
This is how these projects very often start out. We test the old areas and keep working down.
Antler’s had great success there. They've got now a Resource of 11.4Mt at 4%+ Copper equivalent.
So certainly we see the prospectivity of what we've got to be fantastic. Antler’s a good comparison for people who want to see how these things evolve as well. Obviously New World are further along in their journey than where we are, but I think it's a great way to see how these things develop.
G88 Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
