I can’t remember having a stock that offered the chance of a trifecta of price sensitive news from three separate projects arriving within a week. week that also includes the AGM on Wednesday.
A quick recap of the projects for the latecomers, prior to them doing their own research is as follows-
West Warrego - The regional magnetic image shows that the Warramunga rocks are likely present west of the granite and hence Tennant Creek-style gold deposits may exist beneath the sand cover of this unexplored terrain. There are no records of past detailed geophysics or drilling and there is little outcrop in the main area of interest, hence Sipa’s proposed drilling will be the first-ever test of these geophysical anomalies, which if successful would extend the Tennant Creek Goldfield west of the Warrego Granite. Looking of 8g/t au average
Panorama- Extension to the Kangaroo Caves discovery would likely be the catalyst for CBH to fast track its decision to mine and consequently provide an income stream for SRI http://www.sipa.com.au/panorama.html
Then we have the Affluent JV. A lot of newbie’s arrived on the strength of this, and a goer here will mark the beginning of new and potentially exciting chapter of this company. It will result in an immediate and aggressive exploration campaign of a highly prospective area, whilst a SEDEX target in its own right, a lot of people will follow it with interest for similarities to SFRs, as to obtain a similar market cap SRI would need to increase 10 to 12 fold. http://www.sipa.com.au/thaduna.html http://www.sipa.com.au/ilgarari.html
Another benefit of the JV, would be the reimbursement of a million dollars that could be added to an exploration of the Ashburton gold Projects which of course is another story - http://www.sipa.com.au/ashburton.html or fast tracking West Warrego.
Let’s hope this is a week to remember.
Good luck people.
Oscar
DYOR
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Change
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Mkt cap ! $3.650M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 561773 | 1.6¢ |
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Price($) | Vol. | No. |
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1.7¢ | 37699 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 561773 | 0.016 |
1 | 40000 | 0.015 |
5 | 287428 | 0.014 |
1 | 76920 | 0.013 |
3 | 329990 | 0.012 |
Price($) | Vol. | No. |
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0.017 | 37699 | 2 |
0.019 | 277777 | 1 |
0.020 | 75063 | 2 |
0.021 | 193311 | 2 |
0.022 | 42431 | 2 |
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