ORP 0.00% 6.3¢ orpheus uranium limited

trading halt torrens drilling, page-9

  1. 392 Posts.
    Brief explanation of why lake torrens prospect is exciting

    1. WMC Drills Lake Torrens, finds minor copper shows
    2. WMC moves onto Olympic Dam

    Time Passes...

    3. WMC looks at gravity signatures from Olympic Dam and realises Torrens Prospect has a bigger gravity signature than Olympic Dam, It also has some intense Magnetic Highs and Magnetic Lows that more or less coincide with the gravity highs.
    4 On further inspection WMC notices that at Torrens the drill results were similar to the other non discovery holes at Olympic Dam. If history serves me correctly it was the last drill hole that discovered Olympic Dam
    5. WMC were now convinced they needed to resume drilling at Lake Torrens as they had a better understanding of the geology and were convinced they had another Olympic Dam, they just hadnt drilled that last hole.
    6. In jumps the Anti Nuclear loby and Native title issues to put paid to any plans they had.

    Now here we are 25 years later with the Anti Nuclear loby nowhere to be seen. Native title issues sorted and finally a green light to commence drilling on the best IOCGU target in Australia if not the world....

    With ARE being Free Carried All i can say is hold onto your hats....

 
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