The attention ARD has been receiving over the past few weeks is testament to what we actually have in the ground. This is also due to the fact that ARD possesses a major jurisdictional advantage over its competition as the resource is based in NSW.
This current round of drilling only cost the company under $150k which is guaranteed to yield superb returns for shareholders given silver mineralisation extends within the defined regions of the tenement.
Having to spoken to management early last week, we can expect further drilling to follow this current campaign with definite intent to increase the current JORC resource we have.
Compared to other similar silver juniors ARD is still in its phase of resource expansion. Consistent drilling continues to add value to the company over time. I do appreciate that fact that management are not wasting time infill drilling in an economic environment where the price of silver is rising with strength. IVR and BML carry heaving risk due to their lack of ability to take action when the price of silver is climbing in conjunction with a severe level of sovereign risk. IVR and BML have both disclosed unsatisfactory drilling campaigns in turn hurting shareholders and holding back the share price.
The company is well positioned with $1.45 million in the bank which management wish to use to EXTEND their current JORC RESOURCE at KEMPFIELD.
It is still very convincing to seek such big orders go through each day in anticipation of drilling results which can’t be too far away!!! Volume within the stock looks good and is set for its next leg up beyond 3c, hopefully drilling results confirm what is shareholder are wishing for.
ARD Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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