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Ann: New High-Grade Copper Massive Sulphide Intercept Collerina, page-15

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  1. 1,246 Posts.
    lightbulb Created with Sketch. 88
    Thanks !
    When I mentioned satelites or repetitions I had in mind the anomalies in other parts of the tenement (quite apart from Coll but within trucking distance).Yes , Yathella and some other possibles too .
    Early days but the signs look good to me for other orebodies that are mineable which would reduce the risk of not accomplishing sufficient scale for the project out of Coll alone.

    I hope I wasn't sounding like I was talking down the project , have maintained my buy sentiment .
    I see good copper at Collerina and does seem improving at depth but so far (IMO as a non geo) I don't see evidence of a massive orebody but more a series of high grade lenses .
    Any comment by a geo on this would be welcome .
    Would be very happy to see a huge pile of ore in the one spot but being a sceptic by nature ....
    Seems to me the angle of Collerina invites a decline and I suspect there will be enough there,(and certainly grade no problem ) to make it worth the effort .

    Now the question I raised earlier ....really high grade results ...why no rise in price ?
    Are people expecting too much from Collerina ?
    My feeling is HLX , based on my feet firmly planted on the ground not over the top optimismistic approach is STILL quite undervalued .
 
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