I'll respond honestly and tell you that I have sold out of my remaining stock recently. Ive been in and out of THX multiple times for many years. Initially, and I guess until recently, I pinned my hopes on Red Bore coming up with something fairly meaningful. But its been an awful long time following the initial RB pipe discovery to where things stand at the moment on recent drilling indications at RB.. I am patient, but only up to a point, and especially when the share price drifts inexorably downwards. The recent drilling plonked 19 RC holes into RB and from the wording of the announcement I got the gut feel that nothing "dramatic" or even tantalizing has been encountered, if it had I am sure it would have been mentioned nothwithstanding that lab sample results are awaited. Instead, its all along the lines of more geophysics work, etc etc required, need to go deeper to see whats there etc etc, validate the model etc etc. For me at least its cold comfort. But as well, I hark back to a previous poster ( forget who, but some months back) who raised the fact that pipes are the conduit pathway underneath the exhalation vent on the seafloor, and its that build up of exhaled sulphides on the seafloor that we need ( eg, TLM, SFR, any VMS deposit for that matter). This then leads to the conundrum at RB in that the pipes are truncated at the ground surface, and as rich as the pipes are in copper, where is that exhalative build-up ?? Ain't there. Has been postulated that erosion may have removed it. Now there was a THX sketch a long while back of the pipes emanating from a possible copper source deep down ( which is to be expected) but in all the studies/ readings I have made such source rocks are fairly dilute in minerals and its only the interaction of groundwater with these hot rocks that "extract" the soluble metals that, in a more concentrated form, cause the mineralized pipes as the mineral rich water come to surface. So the current approach of drilling down the pipes or adjacent to them, to hoped-for deeper ( and rich) mineralization is something I can't get my head around. I'm not a geo, but I really cannot recall any exploration company actually finding rich mineralization beneath pipes at depth, on the contrary the mineralization occurs within and above the pipes. My thinking on this aligns with other poster(s) who more or less came to the same conclusion that whatever mineralization might have exhaled at surface from the RB pipes, it has eroded away ( assuming it formed).
I admit I may be on the wrong foot here, but weighing up everything I felt it was time to take my skin out of the game. Its all IMHO. Ill admit to taking a net loss on the THX trades over the years
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