Yeah I wouldn't get overly excited about that Cu intersection Divros since all the Cu and Ag in that vicinity would be long gone. Homestake Aust, which later merged with Barrick Gold, had an an active mine there for many years.
Mind you, much of that tenement boasts the Narrcoota Volcanics, so there is that potential to discover Cu in unexplored areas, especially at depth.
Our gold treasure chest lies with the proving up of the magnetite which we know is there and in the billions of tons. The uranium, copper and gold is a bonus which Padbury may discover along the way. At least now we have a management team who is poised to deliver real value to shareholders.
PDY Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
