my understanding of the announcements (2) yesterday were - there are 4 targets projects being 1. wubin, 2.dalwallinu 3.jubuk and 4 quairading. 67% of the aeromagnetic survey has been completed - 165km of strike length targets identified with another 33% to be completed.
The drilling results announced yesterday ONLY COVERED 1.65km of the current 165km (67%) strike length targets.
To me there is still heaps of drilling to be undertaken which imo will take months.
Whilst the drilling results of the initial 1.6km are somewhat low there is still in my calculations another 163.4km of drill zone to be completed and this only represents 67% of the identified target zone.
Just some food for thought or am i missing something. Potential upside ??????
MAU Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held
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