STTCOMP ARS, FA LONG Re-tipping this as still awaiting drill...

STTCOMP ARS, FA LONG

Re-tipping this as still awaiting drill results. So much for being ahead of schedule
When I tipped last month it went up 9% on the first day which looked promising and that was where it peaked unfortunately.


Gold and bas metals explorer NSW and WA
SOI 65,170,758
MC 7.2m @11c
CASH $127,000 as of last Quarterly Sept 30
Plus $ 1,082,000 placement in Oct @8c
Plus $250,000 SPP in Dec @8c
Total Current and non-current liabilities $343,326
EV of approx $5.8m - $6.2m

Taken from their Quarterly: https://hotcopper.com.au/threads/ann-quarterly-activities-report-ars-ax.3004835/#post-20252258


* Australian-focussed base and precious metals explorer Alt Resources Ltd (ASX: ARS; “Alt or the Company”) entered a number of joint venture agreements during the Quarter. This activity was aimed at growing the Company towards small oxide gold operations with the option to toll treat ore in order to develop an income stream to fund exploration, without diluting the existing shareholder base. Three projects have been added to Alt’s portfolio, joining the flagship Paupong and Myalla projects in southern NSW (Figure 1). 



Catalyst:
-Drilling is currently underway and ahead of schedule at Paupong IRG project.
-This is supported by the maximum drill funding of $200,000 for Round 2 of the NSW Government’s New Frontiers Co-operative Drilling Program. This funding is expected to cover 75% of the per metre drill costs.
-this porphyry style deposit has massive potential and any success in drilling has big upside.
-tightly held and low SOI so any buying may cause rapid retrace of SP.
-drillers DDH1 took shares in recent placement.
-very little stock has come out and SP is slowly climbing on low volume. I'm hoping for further increase through January leading into results made available in early February.


Link to drilling update Dec 20th
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4wq4wBWZoeVqke92GA==

Link to Ann May 2016
https://hotcopper.com.au/threads/an...ars-ax.2776896/?post_id=17848656#.WHE89rQ8af1