But that was for lithium... can you make the same argument here...

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justinh

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19/08/21

16:44

Post #: 55421373
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Originally posted by anatol: ↑

I think there is quite a bid manipulation here to mislead people about how a exploration work can be done.

This is just a start and 4 holes drilled. ARN have found massive sulphides and a working system. The work is continuing on VC1 target. The drilling will continue.

It is said on the anns;

Follow-up drilling will now be predominantly guided by Downhole EM (DHTEM) surveying.
DHTEM will be conducted on all holes completed at VC1 to aid and refine drill targeting.
There are now five holes to DHTEM survey; the results of which should significantly refine the models for follow up drill targeting.
The drill rig will now move to the VC3 target to drill a single hole there, while DHTEM surveying and refined modelling are completed at VC1.

This is just the beginning. I know from other stock LTR that they found a working LCT pegmatite system first by drilling some holes and found some thin pegmatites. The stock went up to 3.6c first then came down to 2c. (I bought in at 2.1c and yes still holding at 92c today).

Then they drilled out everywhere and found the huge deposit over the time.

For example this drill cross-section was given on Feb 4 2018. The pegmatites didn't look exciting to some people. They were thin, looked uneconomic. However it was a small part of a large deposit.

Then the company has found a large pegmatite system. One of the best Tier-1 deposits in the world now.

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But that was for lithium... can you make the same argument here as that looks like a bit of pot luck?

I have to read back over the negative releases of 2014 that MXR received because it's being rehashed again in this thread, to see how they went about looking for targets and to see if comparable to ARN's method.

But it still seems almost as speccy as day1 IMO...
ARN Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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