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2.6¢ tombola gold ltd

Ann: Sale of Gilded Rose Gold project for $4M consideration, page-26

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Meteor

13,592 Posts.

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21/09/19

13:22

Post #: 40507515
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Originally posted by Dazedandconfused: ↑

Hi Meteor

It's definitely prospective and a good location given the history... but assays will tell the tale.

My focus has been on hoping to be in a company which strikes a commercial porphyry. I also hold stock in the companies exploring the Lake Torrens prospect [which is not that far away but currently on hold]... their JV blew through $5M in 6 months for 2 abandoned holes and 2 completed holes with nil discovery. That exploration project is a much tougher gig than this one with extra incumbent costs... but the ground is also [on the 'desktop'] prospective.

The AMG management has done very well to get the money without dipping into SH's pockets and it will only take a discovery hole but that is the 'fun' part. Cadia, one of the largest of its type in the World, took multiple holes to find.... Carrapateena was found on the first hole, then it took several holes to find it again.

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Mate, Rudy Gomez was one lucky hombre - must have known something and I think our boys do too - at least at Burra!! Possible that one of the reasons they might have deferred for a while is because they know it will take "deep" drilling????

AMG Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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