lol awesome see Victorious around the traps again. . .
. . what punters need to realise is, exploring FR for Nova style Nickel or Bryah Basin for VMS copper deposits is a very expensive process - and the targets are elusive. Look how many "doolguna" deposits have been discovered since 2009 in the Bryah? One. Yet everyone has given it a crack - the exploration spend to date would be in the 100s of millions.
It will be no different at FR. Every man and his dog are exploring, but as Vic pointed out its the drill bit which counts. Diamond drilling with downhole EM you're looking at $300/m - SIR are pumping $10M a year into the ground. Can your average junior explorer in a commodity downturn afford this game?
AON Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
ENT Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
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