how many holes are these guys drilling as part of the current campaign? what depth?
porphyry granitics tend to be large tonnage low grade so the assays they have released to now could be representative ie .05%Mo, .3% Cu, etc. I guess theyre looking for higher grade core. These type deposits tend to be in the 100s of millions of tons if not bigger. The major Cu-Mo deposits in Sth America such as Chile tend to be this sort. Very nice discovery by the looks of things. They will need to drill the smitherines out of it though. $2 million and spending cash atm so cap raising in the near future i would think. shouldnt have any probs raising any cash.
congrats to those who got in early. plenty of upside i would think. ill be looking to take a possy
Nixon
AQR Price at posting:
45.5¢ Sentiment: None Disclosure: Not Held