Hi James, Thanks for the insights, I totally agree with Donkey Hill, however Currajong does have a lot of potential, especially wit the possible veins extending to the north, not to forget that Sawpit have very limited historical drilling and the possibility of a second vein structure at Challenger Extended.
There are multiple deposits and targets and the areas between these deposits i believe are largely untested/drilled.
The initial drilling we are about to receive are not the be all or end all, however they are important. The biggest worry i have with any company is the leaky boats, where management are informing close parties for them to make money. I am not saying that this is happening here but i am watching closely. Also we want to confirm historical drilling results as the GEO stated that the grades could be understated. If the drill results are worst then historical, then the whole deposit can be questioned (i highly doubt the grades would be worst).
So far management has done a great job and when the drilling results are release if there is no sudden upsurge in SP, i be sticking it out for the long run. Too many times have i seen SP rise or fall from no reason, then a day later an announcement comes out.
This is IMO, but yes, in the long run, this company looks great, however depending on the strategies, some might want to move the money in other companies, then come back before the results are out. some might want to hold like i do because it reduces the stress.
I believe we are all overly tired of waiting and we are not talking about 1 or 2 delays, but now on to a 3rd. again no fault from management. so i understand why some member are getting worried/losing patients.
DDD Price at posting:
0.5¢ Sentiment: None Disclosure: Held
(20min delay)