MAD201 must be due any day now
I’m pumped for the prospects of hole MAD 201.
1. They have 3 conductors confirmed from two holes (MAD195 and MAD199), so they should be able to get a good target in MAD 201.
2. MAD 199 drilled through a conductor identified by MAD 195, so the exploration strategy is onto something.
3. MAD199 hit ~10m of sulphides (2-3m is Massive sulphides that is what is needed to get the priced moving).
4. They are targeting approximately 40m to the north-west of MAD199, so chances of getting similar success is good.
5. Management will be incentivised to hit their best targets, to give the Sophs some love post CR.
If they hit MS’s again this thing will go.
There is always a huge risk in the Spec Mining game, so DYOR.
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