Morning all.
@Agent-86That is a very nice post mate.
For anyone looking at the material you have put together and listened to Chris Stevens presentations, I am sure they would be sold on this story.
It is always hard when there are already large discoveries in an area as the current expectations are that this is just another nearology play.
I was on chk when they also found Bornite and had high hopes for that which have not come to fruit as yet.
I do think they will find the goods but drilling at this depth burns the $ pretty quickly.
The discovery cost can be very high.
In this case however, the capital structure, T20, cash in the bank, etc give reason to look at this story.
The 2 properties that COD hold both warrant being on the watch list.
First this SA iocg is shaping well in that they have not only found the goods but they are finding step out holes over large areas.
I can't help but to view Chris's very enthusiastic attitude as contagious.
He knows that he has the beginning of a large story and pulls no punches in delivery his narrative.
The first Q asked in the presentation is most probably on the minds of most.
It refers to the depth and economics of the deposit.
The answer Chris gave was perfect.
It depends on the size and grade.
Chris knows a lot about the two monsters in the area- Olympic Dam and Carapateena.
We really need to add Oak Dam to that and that in itself would leave most to think, Is it possible to find any more world class deposits in one area?
The answer can only be based on just how COD (these guys) are delivering this story.
One hole followed up by multiple holes with the right ingredients.
I also liked the way that Chris explained how he welcomes enquiries but they have no receptionist currently.
Sounds like.a lean budget so hopefully that shows the $ going directly into the drill holes.
I really must comment on that land holding in Western Queensland as well.
That area to the west of Mt Isa and all the way across the NT running up toward Darwin is very prospective and hold some rich and growing deposits.
I would be watching any explorer in that area.
The coming results from the recent drilling at Elisabeth Creek will really spell it out for COD and could put this IOCG corridor on the map yet again.
There is another one to the south to watch out for that have a possible shallow iocg that would be a very different beast if their geophysics prove to be accurate. It could be extremely shallow, TAR - Flinders project.
I have had my doubts about this area having another world class deposit but Elisabeth Creek is showing some excellent signs and very early in this story.
Congratulations
@Agent-86 on the way you put this post together mate.
I am currently not a holder here but have traded it a few times.
I am however watching this unfold with a keen eye.
Good luck to those holding here. and hope to see your fortunes increase.
Kind regards, Wack.
