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4.9¢ strategic elements limited

Ann: Maria Resources EIS Drill Funding Win and Update, page-7

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FireEmperor

830 Posts.

08/09/17

23:07

Post #: 27100956
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Originally posted by Surandy70 ↑

It'll be interesting to see what they have to say about their reasons behind their move into the Pilbara region.

It would have to be a departure from the reasons they gave for the Officer and Impact Structures projects which were predicated on first mover into deposit styles seen overseas but largely overlooked in Australia.

Reason being is that they are not first movers into the Pilbara, they are in fact chasing up most of the remaining spare tenements by the looks of it. Some permits are sparsely explored however some have had quite a bit of exploration already undertaken.

Note that they made application for yet another permit in the Pilbara this morning. The latest being adjacent to their permit application made on Tuesday, 5/9/17 being E47/3798. The latest, E47/3804, covers half the community of Paraburdoo. Looks like I overlooked E47/3798 when I saved my latest map of the region.

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The required expenditure on these tenements can be quite draining on the bank account. I hope SOR knows what they are doing.

The directors get paid regardless if the company finds nothing anyways, it's all shareholders hard earned money getting spent.

SOR Price at posting: 7.0¢ Sentiment: Sell Disclosure: Not Held
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