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Too much to cover in the update but main takeaway, for me: geowork, in partiular potassium radiometrics, has proven their modelling concept and they're now targetting a Haile-like resource made of multiple closeby deposits.
The below article gives a brief overview of the geology at Haile and I think what is striking is the gold mineralisation associated to K feldspar, which we also see at JKL. Penultimate paragraph - "Mineral zonation is a quartz-sericite-pyrite±K feldspar±gold ? sericite ± pyrrhotite ? propylitic". This led to the recent discovery of Loflin South, which was some of the highest grades seen across JKL. Fantastic use of pathfinder elements to locate gold-bearing ore. Previous use of magnetics & chargeability data was useful but as seen in Loflin MRE, some sulphide bearing rock is devoid of any gold. Infact, its the demagnetised rocks coupled with potassium signatures that are the most promising. Really just following the Haile playbook.
https://portergeo.com.au/database/mineinfo.asp?mineid=mn536
Haile is 3m+ oz @ 1.71g/t Au. Now look at the exploratory targets compared to the current JKL resource, both expansions and satellite targets - truly looking at a potential Haile-size play. This is gunna be a wild 2017. Floor looks to be 5p placing too!
Oh no, now I'm being accused of having multiple aliases by a "holder". Always thought my posts were fairly balanced, backed by facts but I guess you know better. Last thing you want to do is get attached especially considering you think its a dog but glad you're "up" after going quiet at 2p.
Genuinely note, always good to see people making money in these tough markets.
Sell on news won't stop momentum here. They're happy to take serious volume so we know its a matter of time after some consolidation before we fill that gap to 7p. 8.5p still looks good here given possible transaction news on the horizon.
Potassium linked to all mineralisation really important. Basically use this pathfinder element to delineate other interpreted targets.
Amazing results for the co, absolutely smashed their target Jorc!
Good to get some publicity but Alan Green is shockingly poor at articulating Lex's investment case. Podcast full of inaccuracies and barely stated the newsflow we're awaiting.
Few days breather before next push? There's a gap at 6.5 - 7p from 2018. Will fill as soon as we push through 6.5p. First target would be 8.5p at that point. Book here is incredible.
If you truly look into it, this is fallacy for 99% of cases. The aim market cap hadn't budged much in 15years so the majority have stayed static (overall) but we all know new money has entered over the years so lth likely down. I believe lex has huge potential (been invested a while and have built a decent stake) but if someone took a profit, particularly in today's market, I wouldn't question it.
For me the book here in recent months has completely changed, very little available, but appetite still there so I'm holding on for higher.
Doubling is probably a longshot but definitely have a big uplift once it hits. What's more interesting is the potential new asset(s). Like rose mentioned, we could be truly looking at blue sky explo potential and, if it's in the Carolinas, it could synergize well with JKL as well as the others.
Consolidating nicely. Resetting techs for the next push. No raise news overhanging us anymore. Jorc due early Nov so anticipation for that to start building shortly. As for new license/project - could drop at any moment!
I'm shocked they were able to get that price for the raise in this environment. Board & Pure have played a blinder here. New license in Carolina's sounds like a new play rather than just increasing tenement package. Good to see work starting at Jennings Pioneer - alongstrike from Barite Hill which is similar in size to JKL.