Have taken a small punt on this one.
MC $6mil, cash $4.2mil, EV $1.8mil, just 73mil SOI.
maiden 5,000m RC program commenced today, small Cu intercepts at shallows depths at Vela, only a few k’s away from 44m @ 1.2% Cu which occurred deeper than the holes at Vela.
Should drilling go our way and we get a hit or two like that above then could see a nice rise in SP
IMO
GLTAH
Ann: Maiden RC Drill Program Commences at Gidgee North, page-2
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