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7m of oxides, from surface, strongly controlled by fracturing....

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MetalOctopus

85 Posts.

49

02/07/21

08:45

Post #: 54227052
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Originally posted by christophe: ↑

Worth looking at TBA imo. $20m MC $2m cash

Chart broke out from its downtrend yesterday and is very undervalued with several gold and copper projects in Cloncurry NQ which is the biggest copper belt in the Southern Hemisphere. Expecting a mining lease soon for their Mt Fredda gold mine and will commence mining after. Substantial copper resources there as well.
Has Wayne McCrae on board as a consultant who came out of retirement to join the company and has built a substantial position in the company and buying on-market in June over 5c to bring his total to over 20% in TBA.

Assays expected any day now from diamond hole 1 which has hit some beautiful copper in the core and shallow too. Have a look at the pics and the assays from the rock samples taken from the old mine walls as well. Incredible really.

Also has a copper resource in SA in close proximity to BHP's Olympic Dam! How this is at an $18m EV is beyond me.

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7m of oxides, from surface, strongly controlled by fracturing.
Trade this trade, but don't hold long.
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