This is the second drilling campaign at Cangai. The first achieved average results that didn't excite the market. Those results saw the SP dip from 6.5c to 4c.
The recent drop to 2.5c has been a lack of interest and speculation moving away from cobalt stocks. CLQ, AUZ, COB all have struggled. The SP drop is not through lack of news, it's through changes in fundamentals.
The market knows there is supergene at Cangai. It needs exceptional hits that make a commercial extraction probable to move the SP. Knowing there is copper in the ground isn't the same as knowing there is money to be made in mining it.
Same for the Thakaringa tenement. There is cobalt there, ground samples and geology prove it. But is it commercial?
Predicting multi bags from this stock is a pure guess. You have no knowledge to prove it one way or another. Only drilling will tell. I say this as a holder of millions of units. There is proven high grade copper in the area, maybe there is more, maybe there is a lot more...
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- Ann: Phase II Drilling Campaign Commences at Cangai
This is the second drilling campaign at Cangai. The first...
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