RE: David Anthony Lenigas4 Nov 2020 21:35
I know all about David Lenigas' reputation. However, at the end of the day he is just an investor, trying to make money from his investments the same as the rest of us.
I wouldn't never base any investment on his opinions, tweets or comments. I prefer to listen to the experts like Terra Search, http://terrasearch.com.au/
"Terra Search who have considerable exploration experience in the nearby Havieron gold discovery, have concluded a technical review on the 57.4km2 tenement EL 45/5297, which comprises a major part of the 67km2 tenement package being acquired.
EL 45/5297 is located only 13 km south-west of Newcrest Mining’s Telfer Gold Mine and about 60 km west of Newcrest and Greatland Gold’s Havieron discovery.
Terra Search concluded:
Modelling of the available Government magnetics by independent geophysics consultants, Terra Resources, shows several north plunging magnetic bodies of equivalent susceptibility (possibly pyrrhotite alteration) to those evident at both the Havieron discovery and Rio Tinto’s Winu discovery in the Patersons Range area.
The four main magnetic targets cover an area of 2,400m x 400m, which when compared to the ~500m x ~300m Havieron footprint, is a significant potential target zone.
Depth to the shallowest feature on the tenement is estimated to be at ~150m below surface. The deepest feature is interpreted to be ~250m below surface.
The Permian cover in the area, is estimated to be around 100m in depth on E45/5279
compared to the ~400m Permian cover at Havieron."
Whatever anyone thinks about David Lenigas he knows Australian mining.
Given the independent appraisal from Terra Search I am willing to believe that he is just another holder, trying to publicise the company, trying to push the SP higher. Exactly the same as I am doing. If it turns out he sells along the way that's his porogative.