The NiCo target is their best target (right now), based on the following:
1. Its the regional wet season
2. The do not yet have drilling permits for Salobo
3. There would be a need to convert OA (I have been saying for months this would be a priority)
4. Pebas is a hit or miss target. Its a resource or it isnt, and the ground work is done (largely, other than extending the target..)
Why success for these targets over the (previous) others??
1. They have (since obtaining SW tenements) acquired the services of Ex Vale Geologist who was responsible for helping locate and define their (Vales) IOCG targets
2. The SW target has always been the priority. Serra was infil/fodder IMO.
But they genuinely bullish aswell.
Why Capetown?
Theres an interview with Darren - cant find it atmo, but;
1. They are seeking investors (it's the exploration game, and thats expensive)
2. They are seeking parties to invest in their IO project (shivel reasy)
3. Exposure.
Thing is, the (type of) ground we are covering - the tenements we have, any economic discovery we make will put the shares on offer into insignificance.
My order of priority/probability of success (cash/oppies aside)
1. Pebas
2. SW 2
3. Sw1a
4. NiCo
And I think the NiCo will be good!
CTM Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
(20min delay)