I've said this before but i think we all need to take a breath and remember that these juniors have an extremely low chance of success even when doing everything perfectly. Talking a % or 2. No chance at all if they're crap. The idea that the ore body is just there and the explorer just has to define it and not f*ck it upbis bonkers. We dont know what's there. So u ask for $ to test it and see. I think (as a lifelong geoscientist) this is sooo poorly understood. A porphyry in 1.8GA rocks in brazil was an absolute long shot but a massive life changing win if it comes good. They drilled it, got some smoke but no system, they cant drill it for junior $ but may have done enough to show a major that it's worth co funding another few deep holes to give it a proper shake. Those saying it's a total dog/ stupid idea, majors would never even look at it coz no copper hits bla bla bla are clearly not geos. If there was a hit, would be funded cashed to the hilt and not need a major.
again, not pumping or defending really just saying the proposition hasnt changed much. Little junior, no asset, just a little baby, advanced margionally subeconomic play at halls creek and a longshot in brazil, chugging along, trying to make a find, worth squat except for the hopes/dreams of punters... but Andrew Tunks is a better geo than most and they are having a crack at some good stuff, so bet on them or dont... if you're stressing about assett value, protecting share price etc. You may be in the wrong game here... this aint an investment it's a bet, an educated bet but still just high risk bet and that's all it ever was/is. So good luck to all who want to take it!
sorry to state the obvious
from a frustrated geo tired of listening to thise who just cant wrap their heads around just how high the failure rate of even the absolute best explorers (99/100) is.
ciao
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