Hello John, 435. I agree with you. I have been critical of ARD's strategies in the past - as you know. That was based on information available to me at the time. I have made a "U" turn based on the current information, which is new to me, so with hindsight I was wrong . Why the "u" turn. (a) because I have new information and (b) because the concept of the proposed drilling to discover the basal VMS lead - zinc and copper - gold deposits was lost on me before. With this in mind I am mindful that the nearby Cadia East deposit is the 9th largest gold deposit in the world with a resource of more than 37 million ounces of gold. In this context the hypothetical basal copper - gold lens in page 17 is quite exiting. David Busch told the attendees at the AGM that he will ensuring that his message will be passed on to the broking fraternity. I hope they too follow my U turn lead.
I unequivocaly endorse your statement that management and technical team stand head and shoulders above many of their peers amongst the junior explorers at this point in time.
Your comments on the potential of the Lachlan fold belt are noted. I agree.
Regards. Of course this is not investment advice. I am an exploration geologist and the glass is always half full.
ARD Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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