In a better market who knows what GOA shares might have done today however with everyone underwater it will obviously take time to work itself out of the corner it found itself in following the costly 1000m Crater Mt holes.
However this new ground with grades rumored to be as high as 70 per cent in parts changes everything.
For starters, new drilling is shallow, cheap and low risk.
In addition getting the graphite out of the ground is more like earth moving rather than mining. Then as old mining hands will tell u grade is everything. Just look at the stingy grades of its rivals.
Finally,graphite and its derivative graphene are metals of the future, particularly graphene.
Oh and one more, Jolly Tar oould provide the ready cash for another crack at finding where all the gold is coming from at Mt Crater. (Pan Continental must be kicking itself).
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