It is again interesting to see that this Mt. Isa area is obviously highly prospective.
Today Cooper Metals is up almost 35% - after finding some interesting rock chip soil samples. Again, presumably in the slipstream of CNB. Because if I'm not mistaken, HMX has already found at least as good samplings (if not better) without the market reacting much to it last year.
Either way, if you take Nil Desperandum as a guide (yellow circles), you quickly realize that one tenement is merging into the other. CNB, HMX, CPM - It is certainly interesting that HMX wants to add something here (pink rectangle).
The fact is that HMX has the largest prospecting area and therefore the most targets - perhaps too many to focus on?
Or will we end up with more than one exciting discovery? I'm just wondering how that would come out if we ended up with, say, 2 Nil Desperandum discoveries - or not just us existing shareholders but the market in general. Either way, the whole area seems to be under observation. HMX simply lacks the results to attract attention so far. I think it is only a matter of time before this is the case.
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