Below is my understanding of what we may have in store for Astro.
I do not intend to mislead and if anybody has serious concerns about my beliefs please TOU me as I don't want to post incorrect information.
_______________________________________________
AS I see it on page 1 of the Quarterly report June 2010 there is a map which identifies the location of the North Doolgunna Gold Project.
That map shows the closeness to both Sandfire's and Barrick Gold Coproration's tenements in relation to ours.
It appears that we are possibly 2 kilometres away from Sandfires DeGrussa tenement and maybe five kilometres away from Barrick gold.
http://www.asx.com.au/asxpdf/20100730/pdf/31rnfd73w2sdds.pdf
Barrick gold: in their Plutonic field they produced 144,000 ounces of gold in the 2009 year and have a probable and proven resource of 771,000 of gold.
I could not find mention of copper in their website.
http://www.barrick.com/GlobalOperations/AustraliaPacific/Plutonic/default.aspx.
Sandfire
Made an ASX announcement which highlights the fact that they have
600,000 tonnes of copper
660,000 ounces of gold
5.1 million ounces of silver
http://www.asx.com.au/asxpdf/20100903/pdf/31s9z1hv5ccs76.pdf
This announcement lead the market to lift their SP by 10% and caused them to close at the daily high.
This is from a company that 18 months ago was trading at 40 cents a share. (an increase of 1,350% in 18 months)
The map that I have referred to on page one shows that our tennements is in an 'adamellive?' sediment base, whereas Sandfires is in a differant type of base, I am hopefull that where we are is also condusive to the types of copper/gold/silver finds that Sandfire is locating.
I am aware that we are waiting for Native title and from all acounts that could/should be finalised in the next week or so.
What am I seeing that the market isn't?? or have I got it completely wrong (Again!!)
I look forward to your comments and corrections. I am going away for the weekend shortly and so if you disagree with me, I haven't spat the dummy and thrown my toys from the cot (LOL)
Have a good weekend all
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