An interesting read. I always thought the current Measured, Indicated and Inferred Mineral Resource was from historical data, however this article suggests it was from 2011 drilling? Did I miss something?
It looks like 2013 might be a better year providing those deep drilling targets at both prospects uncover something sizeable.
"In the first half of the year we will drill test deep targets with the aim of finding high grade mineralisation at Horseshoe Lights. At Kumarina we have more drilling we want to undertake at some of the other prospect areas such as the Kumarina Copper Mine, which will likely kick off in 2013 after the wet season."
My guess is the SP will sit around these levels for a while yet so plenty of buying opportunities over the next 6-8 months.
HOR Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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