With the share price down a whooping 67% in the past year from...

With the share price down a whooping 67% in the past year from $0.38, what is happening?


Back in Oct 2022, the share price hit a low of $0.125, then it began to regain traction (trend above). Promotion of the upcoming six diamond drill hole campaign for Jan 2023 by Chris combined with scientific evidence that vectoring towards a copper-gold-silver rich core near the Cayley Lode looked promising and inspired shareholders to get onboard with the share price peaking in early Feb 2023.

Unfortunately, the expensive drilling program has resulted in bogged drill rods from clayey ground and limited copper-gold mineralisation core brought to surface after drilling through the southern plunge. Waiting for permission from the local farmer or Government to drill certain targets has also slowed progress. Externally, the whole ASX market is downbeat and investors are moving from speculative explorers to more blue chip companies as interest rates climb and global financial markets bounce around. Possible lower broker pricing algorithm trading practices for SVY shares and end of financial year sell off is hurting the share price as well.

However, Stavely Minerals should recover from this over-sold position and once again regain its market capitalisation based on its diverse regional targets and emerging discoveries. But How?

The future appears to be;

• Waiting for pending assay results & drill core logs from final diamond drilling activities, eg. SMD183 - 187. These holes will be key to pin-pointing the porphyry. Lab assay delays are pushing the next round of drilling into the wetter winter and cropping months which is not ideal. However, systematic drilling and walking down the high grade structure to the porphyry is slowly happening and IMHO will OCCUR.
• Regional exploration air-core drilling and soil auger program is interesting and will help expand the prosperity of the 1,461 sq km ground position held by Stavely Minerals. The recent summer drill program on selected 19 regional targets will definitely unearth some promising opportunities as they move to the next stage of geological evaluation along the 115 kilometres of porphyry-prospective volcanic arc segments.
• Junction Prospect at 2 km's south of Cayley Lode has 35 metres at 3.4%Cu from air-core drilling. This is extremely encouraging as a resource extension and needs further attention.
• S41 Prospect could evolve into another porphyry system - 2km alteration zone with shallow 3.9 g/t gold intersections identified
• Northern flexure Prospect - A shallow silver rich (169 g/t Ag) ultramafic system
• Could Chris release the project Scoping Study for underground development options to allow the market to see the true value of the Thursday Gossan Prospect with a total metal value in the order of >$2 billion. With Newcrest and OZ Minerals highly likely off the Cu-Au listed ASX company register then juniors such as SVY will need to evolve and fill the gap.
• The Rare Earths prospect at Narrapumelap is interesting but not critical for the success of the business
• Option A: New Capital raise of $5 - $10 million at say 10 cents (should current drilling fail to deliver), further diluting the register by 100 million shares (my guess) but the new money will be used to continue to find the porphyry or newly identified regional targets from latest summer time exploration.
• Option B: if the porphyry is identified in coming weeks then a new Capital raise of $15 - $30 million could be undertaken to finance the next stage of resource evaluation drilling the porphyry. Who knows what the share price could be at this time!!!
• Chris previously mentioned the option to explore in northern Western Australia using Geoscience Australia information looking for magmatic nickel systems to compliment the Victorian resource base. SVY could explore during winter months for additional Nickel or energy metal targets when Stavely Victorian drilling sites are too wet. This was yet to get board approval at the time, raised on Small Caps interview 6 months ago!!!!
• Could newer and re-evaluated targets based on aero-magnetics, seismic and other detection methods add to the target list at Drysdale, Toora West, Toora Road, Yarram Gap, Muirhead, S4, S7, S39, S14, S29, Mt Elliot East, S12, Nekeeya, and Bunninjon? Lots of possibilities exist.
• Could a project partner with deeper pockets buy into the Stavely tenement package to help fund additional deep drilling. This would help stimulate the share price and accelerate the porphyry discovery timing!!!!!

Therefore, plenty of activities on the radar to boost and re-rate the depressed share price. Thus we will await the next market announcement and follow up "121 Mining Investment TV" interview or "Small Caps Interview".