Ann: Orelia Delivers Strike Extensions, page-21

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DonaldFrump

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15/02/18

23:43

Post #: 31092511
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Originally posted by copperroad ↑

This is going to come down to the near term exploration. The company is drilling about 9 x 500m deep holes under the major pits as we speak. They also have about 7 other targets and most of those have already hit gold. That gold is not included in the reserves. The recent preso sets this out. They are also drilling new targets, any of those can send the stock higher. The belt they own is world class and the plant only needs $20m to come back online.
I personally think that the drilling over all these areas, more reserves and the possibility of striking another million ounce deposit is high.
If the current deeper holes hit some decent high grade underground hits, its all on. NST are there for the take out over time, but big hits, higher gold prices might push them within a much shorter period of time. Many think someone else wont bid if NST already have 19%, i don't think that's correct. If the deposit adds up, they will come. Many mid tier gold stocks need to replace depleting gold reserves and that is why companies like NST have raided EAR register and Resolute has raided OKU register. I think the higher the price of gold goes, the more activity will take place. Its just simply math.
Take a good read of the preso again and see the potential. NST did not spend $28m for a holiday. dyor

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Thanks mate.

Lots going on in that current Ann. Loads of drilling.

TBH, having a hard time working out the drilling results that aren't included in the current resource (but that could be because I'm just a "plonker" - to quote the famous Del Boy).

I'm going to have a stab - drilling not included in resource:
- Lowlands (looks the pick of the bunch), Wimbledon, Sundowner, Shady Well
- Greater Bronzewing district
- Empire District
- Further Lotus-Orelia drilling

How's that?

Last edited by DonaldFrump: 15/02/18

EAR Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Ann: Orelia Delivers Strike Extensions, page-21

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