Page 13 Blue Star First 2011 results include 9 metres @ 6.1% Cu
Page 14 New Discoveries - Bloodwood & Ironbark (North East of Barbara) Strong Copper & gold anomalism of up to 25% Cu & 12 g/t Au in rock chips.
Page 16 - Kalman High grade copper: 9 metres @ 20% Cu & 53 metres @ 2.1% Cu
Now, to the rusted on holders there is nothing new in this but it does highlight at least one thing for me; i.e. the copper finds alone ( apart from the value of the gold, molybdenum,rhenium,)should average a lot higher than the 0.07% average of copper being mined by some of the nearly clapped out deposits held by the big miners.
But it continues to sail under the radar. I know a lot of the junior explorers are being slaughtered but this is one I will continue to hold as they operate in a highly mineralised zone & have one big holder - 15%. Although Africa might be the flavour of the month, at least we know the country risk in Australia.
SMD Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held