They will end up with a significant resource here, in the hundreds of millions of tonnes...this will be attractive to a mid-tier.
Also the chance for a sweet spot towards the centre of the porphyry...further to the north-west...where I suspect the next program will take them.
The diamond hole is averaging slightly higher grades thrughout, yet the section assayed is only marginally deeper than the RC discovery hole...which is exactly what you expect from these sorts of porphyrys.
They need to go deep now...to chase something similar to the Carapateena hit in SA...lol...imagine if they did and we can watch as the stock get a 10 in front of it...and I am not taing cents!
Anyway...back to reality, it i early days, but being a porphyry, they do not need any where near as may holes as say a typical structurally controlled IOCG might, as such, a relatively modest program, well within their budget range, can produce a significant resource.
Cheers!
AQR Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held