GMD 3.70% $2.52 genesis minerals limited

Why do you need dd? Surely far too expensive at this stage and...

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  1. 11,185 Posts.
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    Why do you need dd? Surely far too expensive at this stage and they've done brilliantly well with these 8 RC holes IMO.

    6 mineralised intersections (not a bad strike rate from 8 holes in my book).

    5m at 1.04g/t from 25m
    10m at 1.24g/t from 15m
    5m at 2.13g/t from 35m
    10m at 7.93g/t from 75m
    15m at 3.06g/t from 45m

    5m at 2.18g/t from 75m

    These are mostly shallow results and air-core is a cheap method for sampling the basement for gold plus to get a read on the rock types, alteration etc. I'd expect a few more mineralised intersections will be thrown up by the 84 AC holes. These can then be followed up with more RC. No point burning through the company's cash drilling diamond. Fastest road to ruin IMO for a small company. If they find very high grade then it's another story, I'd back some diamond drilling then. Esh
 
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$2.52
Change
0.090(3.70%)
Mkt cap ! $2.392B
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$2.51 $2.56 $2.51 $6.419M 2.542M

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