Hi Holder,
I just got the reply from adrian jessup, please have a look below:
"At Penny’s Find we have recently completed a RAB drilling program testing for several kilometers along strike from the existing deposit. We expect full details of the results of this work to be available in the next quarterly report. In addition, we have planned a diamond drilling program to commence in a few weeks to test at depth the high grade mineralization we announced in our last quarterly report. An engineering consultant has been preparing pit designs and undertaking a preliminary feasibility study into mining this resource.
We have recently obtained aboriginal clearance for a drilling program at Torrens. This drilling is scheduled to commence in two weeks testing a number of targets identified by the gravity surveys we have conducted. At the Yuinmery project we have completed several geophysical surveys that have identified high potential targets. We have organized a drill to evaluate these in October. We also have tentatively planned a drilling program for the Troy Creek project to commence in November to test gravity anomalies that we have identified.
Significant results from all of these drilling programs will be announced to the ASX and then posted on our website at www.resourcesempire.com.au"
Well, looking at the share price, perhaps this is a good time to buy. It is undervalue as they are closed to mining and development.
But that's only my opinion, any thoughts will be most welcome here.
Have a great day
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