Guys, for a share that has a market cap of around 10million, they don't come much better than this one IMO.
Mt VennIn my opinion, Mt Venn is showing all the right indicators that it could host a potential resource of significance (both gold and/or PGE-Ni-Cu). It's ticking many boxes and as a result, giving it a high GCOS (Geological Chance of Success). As with all exploration companies, the risk is always high, however in this particular case, I believe the potential reward far exceeds the risk given the the very low market cap combined with the following factors.
I believe the geology is favorable for the following reasons;
1. It contains mafic/ultra mafic intrusions analogous with CHN's Julimar discovery. Furthermore, as per the announcement on the 6th of July, five decent targets have been identified. The Mt Warren Sill (EM #1) in particular is very exciting. It resembles the Nova-bollinger discovery - a large discovery made by SIR(Sirius resources). I strongly recommend you all look into the Nova-Bollinger discovery several years ago. The discovery sent their share price from approximately 3 cents to 5$.
2. The area is
highly prospective for gold. Below is a snippet taken from an intercept from the project 'Gruyere' located only 40km east. Whilst nearology can mean little in some instances, we can't deny it does contribute to the GCOS.
