Longer term investors are well aware that, with
their dubious options plays etc, this is a tricky group.
Announcements are not made for the benefit of
daytraders and short holders.
But they do hire good staff, geologists, experienced
miners etc.
Daytraders would be better off avoiding Cos like this;
and probably avoiding the present market, which is very volatile.
Remember most day traders and short term investors lose
a bundle over even the medium term.
For longer holders the results so far are encouraging
at a relatively low cost and MC; drilling results
until today are "stunning" according to MiningNews.
Today's results indicate commercial mineralisation over at least 1500m of strike. The holes were exploratory not
for JORC definition.
Reasonable chance of a number of high grade shoots leading into a major copper/silver/gold porphyry deposit.
High chance of a larger partner joining the play
or taking over the show. This is the second best
mineralised zone found so far in a huge copper/gold/silver belt. Should have Moly as well.
Investrors must distinguish between exploratory and
ore confirmation drill holes.
Cheers
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