Well said!Don't be surprised if there are already prying cashed...

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BaltasarG

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07/05/21

12:18

Post #: 53015008
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Originally posted by sisyphean: ↑

Exactly - every investor presentation and almost every release over the past two years have noted that the high-grade mineralization is open in all directions. The existing tenement positions form quite a narrow N-S corridor and there seems to be more than a suggestion that the high-grade deposit may extend E-W along both the Sanchez and Magnata faults. It seems more likely to me that they have negotiated farm-in agreements with the surrounding tenement holders (they may have already accounted for at least some of the required drilling expenditure in the recently announced 30,000m drilling campaign).

Seems a lot of people are upset about the delayed maiden JORC resource, questioning why the Co wouldn't release an initial 'interim' report and upgrade it later as drilling results roll in. I think it is pretty clear that as soon as any JORC resource is released, potential buyers will come a-knockin, such that there is a decent chance that any 'interim' JORC will be the final JORC. The people wanting an interim JORC would no doubt also be the ones criticizing other investors for entertaining an undervalued offer predicated on the interim JORC.

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Well said!

Don't be surprised if there are already prying cashed up eyes looking in our direction.

Last edited by BaltasarG: 07/05/21

CEL Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Well said!Don't be surprised if there are already prying cashed...

Patagonia looks to raise $2.15M for South American exploration and development

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

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Well said!Don't be surprised if there are already prying cashed...

Top Stories

Patagonia looks to raise $2.15M for South American exploration and development

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News