CVS 0.00% 0.4¢ cervantes corporation limited

Ann: Cervantes confirms more High Grade Gold, page-8

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  1. 3,706 Posts.
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    Mr. Market and CVS. Bought at under .01 Cent AUS Average and now the SP is around .013 Cents AUS. I have a good position at present. We also see below what the next steps of The Company are/is below. It depends on U as to what next steps U take as an Individual Investor.

    "In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price".


    Next Steps

    The results of this drilling campaign will be used to determine if the resource at Albury Heath is sufficiently defined to pursue early opportunities for toll treatment. Initial indications are that there remains room for expansion of the resource, particularly at shallow depths where the impact of defining additional resources on the economics of an open cut pit may be greatest.

    Bulk samples collected during drilling will now be considered for metallurgical test work to gain an understanding of the size distribution of the gold and its recovery.

    The insight gained from drilling Albury Heath will now be fed directly into regional assessment of Cervantes tenement holdings. An evaluation of all historic work done over the areas controlled by Cervantes has begun. This consists mainly of RAB drilling. However, the recognition of a particular "fingerprint" in aeromagnetic data associated with the Albury Heath gold occurrence will form a supporting overlay to that evaluation.

    https://www.centralcharts.com/en/36...-limited-cvs-ax-confirms-more-high-grade-gold

    https://hotcopper.com.au/threads/an...4298517/page-12?post_id=34358433#.W02lfGfwC70
 
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