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20.5¢ australian gold and copper ltd

Hey mate. Any updated opinion after the results

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18/05/24

09:23

Post #: 73890364
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Originally posted by GeoFiji: ↑

I am surprised that the announcement called the results spectacular. a good start while they look for a sweet spot with better grades is how I see it.
Lots of old drill holes with not much success closes down the possible strike length a bit, but a high grade VMS doesn't need to be very big to be economically viable.
Could get interesting and might not, such is exploration. The IP anomaly looks like an intrusive but no expert on interpretation of that. Didn't pick up the strength of the IP anomaly so hard to say if it could be sulphides.
Cobar area is highly prospective and has a history of high grade long life profitable mines.
AMI is certainly worth further research and SHN is worth a look for comparison with an early stage VMS play.
AGC is worth watching. Not enough in the drill results for me to leap in yet. Of course the next drilling could hit the mother lode.
DYOR Not investment advice

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Hey mate. Any updated opinion after the results

AGC Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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