Member Info for EyeGuy

To be clear, Strachans exploration target has not been disproven and it remains.
Upper exploration target as mentioned by DF is 6-700 million tonnes giving circa 8-10 million tonnes of contained metal. Even on the lower side as mentioned by Strachan it should multibag.
Disappointing - yes. Have they disproven the exploration target? Not at all.
The bod should do a podcast possibly to discuss what went wrong with the drill. Im sure they are disappointed at not getting to he high grade diorite. But it does not mean it is not there.
Should bounce.

Bounce coming today. Market over reaction. Lots of news due.
Drills funded. M2 Jorc, m1, and m4 coming.
Gla

Agree - it does not state anywhere that the target zone has no copper.
It says they have not been able to penetrate through that zone.
So we can discount this hole and move on. They are very well funded so expect back to 1.2-1.3 range again soon

The previous Jorc for M2 which admittedly needs redoing showed $500 million of inground copper.
The M2 infill recently showed grades of 2.59%.
They have the copper and likely a lot of it.
And some taking about delisting just because of a technicality in one drill hole not being able to penetrate through to the diorite. I would rather this be 50% down today compared with being as thick as pig****e.
Likely it will build again in anticipation plus due more news on m1, m2 and Jorc and m4

that's not really true invest wisely. You are talking about this company as if it is delisting. It has funding for further sharktooth drills. The target zone has not been reached. I suspect the SP will be back up in no time.
P.S you don't sound very wise to me

bouncing now.
"The breccia encountered in M2-041 is an indicator of hydrothermal activity in the Sharktooth zone, but forms a thick barrier to depths of at least 509 metres, preventing us from reaching the underlying diorite target. At M2-042 we expect to intersect mineralised diorite at shallower depth. We will keep shareholders updated as work continues."

They have mineralisation from M2 which is thought to originate from sharktooth.
2.59% copper. It’s got to come from somewhere. They have more drills funded and I would suspect when it all settles down it will be back to 1.2-1.3 again before the next drill results. Still awaiting m1, m2 plus Jorc and more m4 news
So will hold.

Galaxy - avoid it then. Take your own advice. Doubt you will. Bye

Big bear- you havent analysed it wrong. The alteration is the caprock which is believed to be above the mineralised core. That was reported on the rns last month. The issue is they had trouble getting to the diorite. So you cannot draw any conclusions about the grades of the diorite if they havent drilled it.
Should bounce. Still all to play for and drills are funded.

Doubt it will drop that far. The drill has not hit the core diorite. That is different to hitting it and finding nothing.
Will keep holding. Should bounce

Miller - the drill didnt reach the target diorite.
The next drill which is funded should reach it.
Big over reaction but no surprise

Disappointing and thats the risk I take.
However the reason why they havent found anything is due to not being able to get through the caprocl to he target zone and not because it has been proven there is nothing there. This will recover no doubt imo.
Next drills are funded so its the build towards the next one

Thanks Andrew for that.
The upper range is on the video - Zak Mir interview.
Atb

Interesting is that if they do get the upper target of 600 million tonnes of copper at 1-1.75%, if we give the inground valuation only 1% of the spot price, the SP here will be circa £1 per share.
Huge upside. Tier 1 potential

5p for me is a definite possibility on gold results on the next couple of ST holes.
If the upper exploration targets are met then over 10p should be possible

moving up now. gla

Radders- my guess is block sold warrants. But that for me is good in providing more working capital

agree. I have my money tied in for a while- here providing management hit the targets and Im sure as I can be ill do very well

Agree Tidd. Suspect this area roughly 0.60-0.70 is last opportunity to get in before the bigger moves as this is the warrant flip price. Much more upside than I envisaged. Lots of milestones to reach and pass which should push the sp even further.

And mention of caverns 3-8.
This is going to be one of the best stocks of the next few years imo.