Lets try and give a balanced view shall we....17 Mar 2026 12:43
On the Juno project.......the Industry pattern shows the following:
First Anomalous gold 1-5 holes
Consistent Mineralisation 5 - 20 holes
Resource Scale System 20 - 100 holes
Major discovery 50 - 200 holes
I know some hate the comparison with Havieron, so lets take the Karlawinda Gold project (Capricorn Metals) as an example:
The first few holes returned low grades of gold, patchy mineralisation and nothing obviously "Tier 1" at the start... The market reaction was very muted....
Instead of walking away, the company refined the geological model and adjusted targeting a few months later, over 4 more drilling programmes, the scale slower became clear, but it took multiple campaigns and many holes before they found large gold deposits, it took 2.5-3 years to get to that point......
GEO drill two holes, and everyone is saying "gamble failed"..."walk away".......it's just crazy...... GEO said they would let us know in early 2026 regarding further drilling.
As for licence PEL094
Lets take one of the more recent Jv's signed as an example:
Tower Resources gained their licence in 2018, and they signed a JV in 2025
You can get many other examples, but from gaining the licence to agreeing a JV takes 6-7 years or more............GEO also gained their licence in 2018, and the JV could be announced at any time.......
People were saying exactly the same when this went from around the mid .30's to .012 last year, before then going to high .40's....I for one will await an update on PEL094 and when the next drilling campaign will start at Juno......if you thinks its a dud....move on......if you want to be Millionaire's overnight....move on.....simples