SRI 6.67% 1.4¢ sipa resources limited

re: gravity - grn had too many irons in the fire Yes, under the...

  1. 624 Posts.
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    re: gravity - grn had too many irons in the fire Yes, under the obligation for a very busy GRN to fund drilling, it just wasn't happening which was very frustrating for a lot of people who thought the BH tip a very promising target.

    Through Falcon (developed by BHP for $13M over many years), GRN is generating targets at a high rate. Falcon has so far proved best at finding diamonds and GRN are reducing back to just diamonds in order to cope with this high rate of target generation. GRN's business is to fly Falcon - they seem to prefer others to do the ground follow up and figure the complex geology.

    "Uninformed impression" is used deliberately - conjecture prevails here - pdyor.

    Here's hoping SRI delivers a gold coast penthouse return to the believers for our meagre outlays. I hold only 100,000 SRI at average 12c but this should be plenty if a faulted BH repeat is there (as interpreted as one of the possible reasons to support the geological evidence now at hand).
 
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