AZY 0.00% 2.2¢ antipa minerals limited

The Great thing about having +$9M in the bank is that you are no...

  1. 2,548 Posts.
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    The Great thing about having +$9M in the bank is that you are no longer hostage to the market.

    That means you can forget about the endless demands for news-flow for a bit and get on with the real job of generating meaningful value-adding drilling results.

    So I wouldn't expect too much that is not necessary for the next little while, just the real stuff that counts.

    On the news-flow front though, I got this comment just now:

    Apparently Rio is due to give an update on Winu resource on Friday (17 th) ..maybe


    And AZY, IGO, RIO and NCM all due to put out quarterly reports within the next 17 days.


    Rio have had two diamond rigs and one RC drilling away at Calibre since 28 May, so should have several holes to report from their 8 weeks work, even if the RC rig started off mostly doing pre-collars for the diamond holes. They are aiming to extend the high grade areas of the resource, so you would expect at least a few good numbers.


    So it's not going to be a complete drought. In fact it could be rather good this month.

    And ongoing, given that the Antipa Group is spending $10-15M on exploration this year..
    Last edited by Onceover: 14/07/20
 
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