So as far as I understand it, they found Niobium, not as much as WA1 found, however the next steps are: -A heritage survey is commencing at Aileron in early July 2023 to support planned RC drilling. -Assays from the EAL007 and EAL008 expected in July-August 2023 -Assays from the remainder of EAL001 and from the Caird and Crean expected to be received in the September 2023 quarter -An RC drill program is expected to commence in August 2023.
How critical is the heritage survey? Is this this a show stopper in terms of planning should they find something?
Assays should give a better look into the quality of the Niobium, would a conservative guess be that good results with those would reflect an increase in the SP?
My gamble is that this news, whilst good, won't see a huge rise in SP, and that the market might be waiting until those Assays are given back to the company and reported to the market.
What do you guys think?
(PS, very non-informed about the mining sector)
ENR Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
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