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pootietang1986

4,337 Posts.

01/12/16

19:38

Post #: 21040691
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Originally posted by stevenjd ↑

Have no idea about soon .

But it's a case of lining their ducks up and shooting out the eyes of all the stale iron ore holders .

I have a 6-12m outlook for significant rerate . Although the drilling in Jan should get the party started .

After they get their first round of drilling - expect a road show to put this on the radar of gold - copper - zinc followers .

Has legacy iron ore holders and DJ Carmichael CR at 0.3 to flush out.

Keep in mind this mine was closed over two decades ago in a low priced commodity market .
5 g/t gold 1.2% copper , not sure about the zinc but very high credits all round.

tender for copper mine as well.

The gift is they have the existing 6-800k oz in the mine, but are priced at a shell .

Their earn in is 6m over 3 years but that would be spent anyway and who knows how many million Oz lenses they turn up by then.

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Thanks mate, great post!!
1 Upvote

0 Great analysis

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