The work done to date in conjunction with the MC and current potential upside from this drill campaign makes for a compelling investment imo. Assays will tell the story.
If they find more of the high grade gold and possibly copper then the economics of this project will increase significantly. Depth extensions and location of a potential high grade feeder zone would seem to be the key to significantly re rating this stock. They may be closer to the feeder zone as alluded to in todays announcement;
"These observations are consistent with the type of mineralisation that can be expected in the higher temperature and pressure formation conditions associated with the footwall position of a volcanic-hosted massive sulphide (VHMS) deposit."
ARD Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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