Bought in at beginning of Dec. Small amount. Topped up this week. All looking good.
I'm waiting for:
- completion of negotiations with drill rig contractors for EH
- pow for drilling at Hammersley
- news of drill contractors for Hammersley (happening whilst waiting for permit)
- drill permits for 3x Mexican projects.
As these drop, I think the SP will rise.
Pops,
I suspect its more about peoples definition of "about to" etc.
For me it is about to take off, but I don't know when. If it's this week or next great, if it's next year great. I don't want to research 20 other companies that may move before this one. I am happy with UFO and my stake in it.
I will sell at my own target points, but they are a long way off yet. Roll on 30p!!! Don't care when
I think the last placing could have been a masterstroke had the drill permits for Los Campos & San Celso (& capstones for Donovan 2) arrived as expected at the end of Oct. By now we would have been starting to get results and using the money to aggressively infill drill to move our projects quickly up the value curve. Unfortunately we are still waiting on Mexico to get it together.....but they will, and when they do, we start moving again.
Nothing changed here except time frame. All fundamentals good.
Relax LTH's
Traders go to play, have fun.
I was under the impression we have gold @ 28g/tonne along side 3.36% copper at Donovan 2. Question is how much? and how much to dig it up?
We'll find out soon enough. Capstone were certainly excited enough with the high grades to come on board.
MisterPositive,
I agree.
With continued news of advancing our projects quickly and efficiently I too see 10p within 12 months.
However, I see the longer term SP multiples of that if we don't rush to JV our silver too early.
Pops,
Han**** has had recent surveys and to some extent drilled by BHP and Rio and has historical data identifying drill targets, Brockman has been largely unexplored since the 1960's so requires modern data.
Thanks Max.
I'm quite excited about this.
Also, regarding JV's or sale of all/part of Iron ore project, BBG saying in the interview "people we're already in touch with".
Makes me think an offer may be on the table already, but waiting for drill results to get a much better offer.
"Recent work on the Hamersley Project has been consistently encouraging. Being able to start work on a direct access route into the Kalgan Prospect from Newman in the Han**** Ranges Project is a bonus because it means we can get the access done much quicker and more cost-effectively, leaving us more funds for drilling"
I wonder what Newman (BHP) get out of it?
Maybe a look over the fence at our sample results?