@strauss I though this one might interest you it's what I am buying buying atm, this is my most recent accumulation it's looking like a bit of a dog right now, but over the last 12 months it has been a consistent money maker for me always rebounding strongly, I hit the 2 big runs pretty much spot on and the small mid run unfortunately asx enforced an early trading halt and screwed us all on that run.
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So each time they have run from sampling right into drilling, right now they just have sampling work just kicking off, they are methodical samplers, but drilling will follow after that.
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All 3 prospect's are geologically in the correct area the nearology is good all close by to plutonic.
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Marymia prospect they did have one spectacular failure of a drilling campaign there last year, but what they did find is some anomalous intervals which are headed towards north west-trending brittle fault.
They say in the Plutonic Well Greenstone Belt the intersection of similar east-west structures with lithological or structural contacts represents a potential site for mineralisation, so looks like a pretty good target in a red hot area.
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West pinnyrinny
Resoulute did some work there, doesn't show much they want to map sample and drill it complete wild card to me looks good potential, but needs more sampling.
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Contessa is the best target previous drilling has shown good and bad results over a large area, so they are going to do an IP survey same as what AUZ did to search for the sulphides, once they lock in the correct area a targeted drilling campaign will see fireworks.
Here is a run down of contessa.
http://hotcopper.com.au/threads/ann...ntessa.2454842/?post_id=14733069#.Vyrg5YR96Hs
This I have been slowly buying I don't know if this is the bottom it feels pretty close, another reason I am confident to buy is recently before the big fall directors all converted big amounts of 3 cent options and an underwriter converted 11 million out of the money options, there will be alot of push to get this back above 3 cents when the time is right.
Not sure if the time frame is good for you could be a little wait for action to start, but what attracts me is the $4mill cap with almost $1mill cash, and they are good with money only $100k admin a quarter.
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