Next 6 months? More like next 6 weeks. During his Singapore preso, TL mentioned that assays would be about 2 weeks away & that the RC programme was 10,000 meters. Were both statements made in error? Let's dig in. On 12 March, the company reported that drilling had begun. TL gave his FFC speech on 28 March. On slide 8 it states, "The first ~20% of assays have been dispatched with results expected soon". That means about 1,400m. In slides 9 & 10 we learn that assays from both mineralisation styles have been dispateched. This means that we should be receiving assays across all mineralisation styles in the first batch. However, in about 2 weeks from 28 March i.e. the middle of this week? I doubt any lab could turn them around so quickly. The company would then have to analyse the assys & write the report. Consequently, my timing is more toward the end of this month, which is 3-4 weeks away, not 6 months. IMHO, as I have stated in previous posts; should the results come in as hoped for, we will be at $100m+ MC on the day of that report. And if those assays come in, I strongly suspect another RC & a DD rig will be on site ASAP & we could be at $500m within 6 months. Dante is not an opportunity you come across once a decade.
GCX Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
