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. Drilling will continue through the hydrothermal breccia and is expected to then encounter the mineralised diorite intrusive

Latino- basically the ST hole intercept is following the geological model. They are at the point of drilling into the high grade core zone and they have noticed a change in the rock as they have approached it. They are at the cap.
They are encouraged by what they have seen and want to drill more holes seeing as though the drill is already there.
So it’s fine with me. If anyone holds exploration companies you have to accept this is part and parcel of it.
At least when the next rns comes and hopefully good news there won’t be fear of a placing

Rns out.
Placing not so good but results encouraging and they want to drill more holes so can accept that.
Will be taking some more

ask 1.85 now. gla

30p ask now

all. I agree with comments here. We all know the risks in mining exploration. High risk and high reward. If they hit good grades likely the shares will rocket. If they don't likely the shares will go down. It isn't rocket science is it. The BOD have shown why they think the high grade mineralisation is under sharktooth peak. So its up to investors to either research and believe that or not. Happy to hold based on this as it looks very promising.

Lovely rns. This was what my expectation was last year. Should attract good interest now.
Gla

0.50p ask. whos getting the last of the 0.4's stock? imo never to be seen again.gla

Heading back up now.

yep- as I said I don't think anyone has every questioned the assets here. Its all about how these projects are funded and the shareholders largely taking on the burden through dilution. Now they can progress to DFS stage which will should add significant value without dilution. So no wonder the shares reacted positively. Can see possibly 0.40p over next few sessions due to this. That seems about right. We will see

good morning all. Im back in today for a couple of K. I have never questioned the assets here. But now Zulu is funded to DFS stage which should again attract more interest and more value, it could do well. bye for now. gla

Morning Andrew.
Its quite amusing because basically galaxy is saying if sharktooth hits the share price will be circa 50p.
Thats extrapolating his valuations on m2 vs the sharktooth exploration targets
Ha ha. Very funny

M2 Jorc contained metal : 89000 tonnes of copper.
Sharktooth target - 871000 to 2 million tonnes of copper.

David Frasers optimistic target 6-700 million tonnes of copper ore so likely circa 10 million tonnes of copper.

Folks need to do their own research. If sharktooth grades are good imo its going double digits.
Dyor

Isnt it funny that folks like galaxy only post a fraction of the information to try and justify why the share price should be lower.
The facts are the Jorc needs to be redone on m2- but the exploration target - independent verified for sharktooth is up to 20x more than the m2 Jorc and the grade up to 3.5 x more.
Then DF says the company believes optimistically there could be a further 10x more copper there.
So we have an m2 Jorc that beeda redoing, but the exploration target is possibly 100x more copper than the m2 Jorc.
So galaxy is saying that the m2 Jorc means the company is worth 0.5p.
But that means is copper hits at the optimistic target then it is worth 50p.
The information is on the rns from last year and the interview i posted a few times.
So 50p target it is then galaxy. Your figures pal.

Took some more here.

Lovely. I’m getting over 1.10p to sell. Almost on a bag now ;-)

If they prove up 7-10 million tonnes of inground copper, imo Rio will be all over this like a cheap suit and i will take early retirement.

Looking strong. Lets see 2p next

No worries riverbank. It is difficult to value non cash making explorers but history tells me if they hit good number the shares should react positively. I havent encounters a stock myself though at this mcap that has so many drills turning at the same time so it does spread the risk somewhat, which for me anyway is another good reason to hold. I still think that if sharktooth hole shows good grades over decent length it will be 5-10p. If m1, m2 and m4 also show something decent then imo it will be much higher. DF has already said that these types of deposit are rare- due to size and also the ore type is cheap to extract. So extrapolating that we can dream of that takeover or JV with a supermajor if they can prove it up. There imo will be no negatives if the grades are there. Its in USA and they hold 100% of the licenses. Copper is flying price wise and food deposits are rare and in demand. Copper use for electric vehicles should keep the price up and possibly on to new highs too. The risk as I have said is if the grades are poor etc. And that is the risk you take but certainly at this mcap its very good risk vs reward. Inground resource optimistic would be $60 billion. So as another poster had said, if it is $100 per tonne it could be 50p per share. Gl

If you use $100 per tonne as the inground value then the optimistic target would be 50p per share for sharktooth. Plus the other projects