If an Iron ore exploration company found a gold deposit of seemingly commercial value instead of Iron ore should they go in TH ? I would think so
the drill program up to now has been to locate a Copper / Gold deposit similar to Olympic Dam in SA ( the Company has distributed significant written documents to back up this statement ) and in regards to the Niobium hits the word that has been in all of these ANNs to describe them is
they were not expecting to find in these hits in recent drill holes when the drilling was scheduled. (they may have guessed after the Luni hits, but it was not the reason they dropped in the rods in the first place , this materially impacts the Announcement from an ASIC requirement and legal perspective)
now the upcoming drills are designed to find Niobium, however I would expect them to follow precedent and go into TH regardless of grades and or results
ENR Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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