Regarding news flow.
Stefan Murphy said on the 28/8/18 in his Proactive Investor Interview,
" Metallurgy tests have gone extremely well, hopefully in the next couple of weeks we should have some news out to the market about the production of our Nickel Sulphate and Cobalt Sulphate products."
" We obviously still have a lot of assays still outstanding for Mt Venn, they'll be coming in over the next couple of weeks."
Both these items are still yet to be seen, to be critical Stefan should of used the word few rather than couple of weeks but on a positive note the fact that Stefan’s couple of weeks has blown out, only increases the likelihood of some news next week.
" We expect to be back out at Eastern Mafic in roundabout the second week of September and drilling through to the end of September early October." " There should be quite a lot of news flow coming through from that."
Looking back at the 10/7/18 announcement it was said maiden drilling at Eastern Mafic will start later this month and then confirmed as having started in the Quarterly report dated 23/7/18. Initial results were provided to the market on the 3/8/18 and first assays on the 27/8/18. So only about 2 weeks from start of drilling to initial results. So maybe we don’t have long to wait for results from this round of drilling at Eastern Mafic if they did indeed start this week.
Stefan made mention of “The Smoke, to the north of the main Mt Venn trend” and confirmed these assays are still pending. It’d be great if management could line these announcements up in a way to create some steady upward momentum in the share price. Confirming the “smoke” as fire and that the drill rigs are back at full speed at the Eastern Mafic would be a good start.
I think there is plenty to look forward to here, Stefan seems genuinely positive about the project. It’s beginning to feel to me a bit like the quiet before the storm with so much news pending.
Good Luck Holders.
GBR Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
