Fellas , lots of theories and gnawing and gnashing of teeth on the thread . Let's stick to the facts that we know : We have a 107m intersection of Cu rich (>1% ave )....in our first hole . We know the second hole , from the same pad is mineralised . We have an essential capital raise on the table ....supported by world class / connected brokers. No doubt they know more than us . We have a WORLD class prospects on our books ... red hot to drill ...not Guchab but KASKARA . BUT ...look at the fine print associated with the capital placement .It indicates that : $4m of the $5m being raised is to be used for drilling @ Guchab NOT Kaskara ! Helloooooooooo to Guchab doubters ...I don't think SBR has any doubts about Guchab !! What does $4m buy us ? Well let's say 80% is used to by direct drilling services @ ~$150 m .That's around 27000 m of DD . Let's say the ave depth of each hole is 200 m =~ 135 holes .We have to see multi rigs on site for that scale of program . So would you be planning that scale of program if : You weren't VERY confident of a significant Cu deposit ; you had drilled downdip !! Read the code guys ....me thinks SBR's Guchab drilling program tells us plenty. :). regards Q
SBR Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
