Soho,
Interesting point you make
Here is my ultra-cynical take on the matter :-)
Thaduna had been gone over pretty thoroughly by the previous miners. They found the shear zone based mineralization showed up pretty well on IP surveys and they KNEW there were still mineralized zones. They just didnt care much because they were too small and too deep.
IMHO the SFR find created a whole new bunch of "investors"
(one born every minute I believe).
And what better way to "help" these investors than a few IPOs for old brownfield tenements that are GUARANTEED to get a few good initial hits.
If you do the sums it takes a heap of tonnage even at 5% to get a anyway near SFRs deposit size.
e.g. 200m strike x 100 depth x 11m wide @SG2.8 and 5% only
equals 30kt of copper.
IMHO SRI is the real deal, they probably have over 30kt in the current oxide zone. But the real proof will be when the RC drill hits what lies below.
Mike must be super tempted to do a raising soon, the timing of any raising might be a good indicator on just what he thinks he has jagged - an elephant or plain old cow.
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