Hi All,
I had a chat with someone from Rio on the weekend who is in the inner circle for Winnu. He couldn't reveal more than what has been released. [He cant even tell other Rio employees] But we did have a good chat so here are some of the facts from his point of view.
- Paterson Range is well situated to world markets, is flat compared to Chile and other copper provinces, is more more stable than Africa, close to Port Headland [Port Facilities] and Rio believe copper has a bright future.
- They found copper with the very last drill hole of the season, so they were only hours away from missing it, a 100 meters ether side may also have missed. So for the nervous nellies finding a mine is very hard. The trucks and rigs were literally packed up and ready to leave.
- The Domes RDM are excited about are very similar to what Rio used to target their drilling and along strike. No guarantee but intriguing all the same. He could/would not say if RIO tried to get our tenements but agrees they are interesting.
- Because of all the things in point 1. We don't have to find a monster to have a profitable mine. But a monster would be nice.
- There will be a lot more info about Winnu released when they are ready, but that time is difficult to calculate at this time. They still have restrictions on what they can say.
- Don't discount more gold being found. I worked in Telfer in the 80s and its still going.
What I took away is just how hit and miss exploration can be but the Paterson Range is the talk of the mining world at the moment.
All the Best
Pete
GLTAH
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $37.45M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $2.548K | 24.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1422497 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 596185 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28619 | 0.097 |
2 | 129237 | 0.095 |
1 | 50000 | 0.090 |
1 | 30000 | 0.088 |
1 | 50000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 100000 | 1 |
0.105 | 3000 | 1 |
0.110 | 142037 | 4 |
0.115 | 405715 | 3 |
0.125 | 74000 | 2 |
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