The two drill holes were 200m apart, with the more successful hole being the northern target (HUD002). Further soil anomalies indicate additional targets to the north of HUD002. This could be huge.
Further to this, their latest accounts had $2m cash, with plenty of options also on issue. At the current cash burn this will last 3-6months. With plenty of targets to hit during this time.
No brokers are covering this yet AFAIK?.. Compared to other gold stocks that have been plumped up nicely by most likely adviser recommendations to clients. Still plenty of growth to be had in my opinion.
Not a recommendation of course, do your own research. But I’m liking the looks of this.
SKY Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
