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clock Created with Sketch. 02/12/21
09:03
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Originally posted by Sdk22:
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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.
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I'm taking a bath on this one but it was my call. In this for the reasons you quoted and you have called it like it is. Bottom drawer now and see what develops. That's the way the cookie crumbles.
(20min delay)