Bravo,
You may have missed the signficance of this discovery. I would agree that the grades do not compare to say SFR which for many day traders refer to when estmating other discoveries.
In the THX report today they reported the project remains in an early and exciting stage.
Investors may ask the question why the THX Geologist are excited by these results.
The reason I believe is they are looking at a much broader picture, by this I mean to prove up a huge tonnage low grade deposit that would support a robust mine.
If you look on the map on page two it is plain to see that they have some very extensive targets and if you read carefully the following paragraph it appears they have worked out the geology.
The wipespread copper mineralisation in the Allamber Project appears to be stratabound in nature
occurring as broad zones within the dolomitic, pyritic, graphitic shales of the Palaeoproterozoic
Masson Formation (metapelite sequence). The Masson Formation is extensive within the project
area, is steeply dipping adjacent to the intrusive contact with the granites of the Cullen Granite
Supersuite but appears to be almost flat lying to gently dipping away from the granite contact.
In other words it could be very very big.
I am sure some established Copper Companies will be following THX exploration results.
Think the bigger peicture.
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