I had the same view, probably the best quarterly from any of my share investments. I have come to generate faith in the management and their approach to things. This is a big factor in the journey of small explorers to mid-level mining companies. I am very happy with progress, the great prospects and the management of my investment.
The Ruddygore drilling is demonstrating the porphyry copper-silver system that we know from the mining records exists. Bulk tonnage deposit is possible at any of the prospects here not just Ruddygore and the drilling is confirming the potential.
At Mount Molloy there is a pyritic chert on the hanging wall and Revolver Resources has just identified a similar band at their Diane project. Both are high grade massive sulphide deposits. Lots of potential for additional high grade lenses along strike and laterally within the rock units. Multiple stacked lenses are possible in a form similar to the Balcooma deposit in QLD.
Dittmer has bonanza grade lodes up to 100m in length and although narrow they are consistent for mining. The discovery of the faulted section of the main bonanza shoot is great news. Such high grade means commodity prices are not as critical to success. Having underground access on a current mining lease is a brilliant start. Mount Carlton could toll treat this ore and is within trucking distance.
The Ravenswood gold project is progressing well and could be anything, another Mt Wright, another Mt Leyshon, who knows.
DYOR. Not investment advice.
BMR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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