GRC009
6,590,440
381,880
355
8m at 0.72g/t Au
98
-60
52
HMRC0080
6,560,715
370,359
323
7m at 0.81g/t Au
1
-60
248
HMRC0082
6,560,702
370,381
323
18m at 0.51g/t Au
4
-60
248
HMRC0084
6,560,684
370,388
322
14m at 0.71g/t Au
2
-60
248
HMRC0085
6,560,676
370,370
323
18m at 0.56g/t Au
0
-60
248
HMRC0086
6,560,672
370,388
323
6m at 1.10g/t Au
19
-60
248
HMRC0088
6,560,645
370,426
321
4m at 1.44g/t Au
18
-60
248
HMRC0090
6,560,610
370,446
322
23m at 2.20g/t Au
18
-60
248
HMRC0091
6,560,595
370,463
321
15m at 0.96g/t Au
21
-60
248
HMST021
6,560,576
370,022
325
4m at 1.16g/t Au
40
-60
68
HMST022
6,560,586
370,045
325
8m at 0.45g/t Au
28
-60
68
These drilling results are taken from MLX's Quarterly Report/ George'Reward.
Besides 23m at 2.2 g/t, nothing exactly jumps out of the page. It will be interesting to get the SAU interpretation on these results. My guess is it makes GR/Canon UG is far less likely unless better drilling hits are to follow. I'm not saying there's no chance (especially longer term). Just doesn't look like a near term probability at this stage.
If UG mine is not on the table, then a takeover is not likely at all. IMO this could be, counterintuitively, a bullish SP sign in the near term. My reasoning is that a takeover wasn't factored into the SP anyway. The computer driven cap on SP (that I've found to be evident previously) is no longer necessary. OK - lots of speculation in this - this is what I think though.
Thankfully, SAU is no one trick pony. So many reasons to be excited. UG at Canon seems, realistically, a longer term project than we anticipated earlier last year. So much has happened since then. GLTA.
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