This hit indicates possible extensions to the historic high-grade gold.
“Back in the day, the Cosmopolitan mine produced 360,000oz at a very high average head grade of 15 grams per tonne (g/t),” Popple said on March 3.
“I must stress, this could be a complete fluke – probably one reason why the shares did not move when it was announced – but if a lot more gold can be found (which will require more drilling), the shares should start to pick up,” he said.
Investors should know more about Cosmopolitan very soon.
MCT Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held