I thought it would be a good idea to recalibrate where we are now given the run of news over the last month and the clear path to SP increase we are in.
Halls Creek, scoping study is done and dusted and you can see the value of the 2 Cazaly sites already. My guess is they will either drop some more holes in Bommie to extend the depth or they will look to JV this out to AKN if they can afford it.
Namibia - the two sites are promising but possibly a distraction now that Canada is on the books? Could drop a few holes in this year or are we awaiting more chips
Yabby. It's no longer up on the website so my guess it they have decided not to put more effort into it
Carb Lake - from memory they cant drill till very late in the year when it freezes over?
Ashburton, it's a monster in size, what do you think they are likely do to, split it across the tenements that are showing grade and JV someone in?
Sundown. All upside. They want to have rock chips by end of September so this one is a bit of a sprint.
When will we see further price appreciation? A sale at Halls Creek would be a bump, but finding grade in Sundown or Carb Lake would be multibags
Thoughts?
CAZ Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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