I am guessing that today's announcement regarding JV with URL means they want to test to see if this deposit extends southwards at depth into URL's tenement. I would be interested to know too, whether there is more of that bonanza grade material or an Olympic Dam size mega deposit tucked away down there. A good use of their cash imo - would be a shame to leave it undisturbed. JV seems on good terms - I am guessing the other two parties are a bit tapped out at the moment.
Hopefully an announcement soon confirming their intentions?
SMD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
