Shady Merv
Doolgunna is 100% speculative & greenfields
where as the market expectation of Spasskaya was it would have a defined resource rather than an exploration target
i trust the Soviets did define a resource, given the announcement said "historical inventories", but i speculate the ASX did not allow GTE to publish the Soviet resource
thus it is back to square one in terms of share price
but, it terms of reality, Spasskaya is not "greenfields" as it is being treated by the market
so now the market must wait for drill results confirming what is there
GTE will probably, if not certainly, have the former Soviet drill holes in their possession thus they will just need to replicate them
very easy to do, reducing exploration costs enormously
as the announcement said, the exploration target was based on Soviet "historical inventories"
so if the copper is actually there, GTE will be a certain winner in the medium term
regards
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