Since stepped in the stockmarket, I have seen some mining/exploration companies' significant ore findings.
In my memory, Oxina's Prominemnt Hill Cu & Au, another company's Carapateena Cu & Au, Sandfire's DeGrussa
Cu & Au, Sirius's Nova/Bollinger Ni, Cu & Co deposits and so on, in my mind.
Regardless of awakening of any of those significance early or just onlookers stance, especially in early stage of findings,
the result has made significant differences between them as far as I know. Some made big killings or moderate returns,
on the other hand no any gains at all for onlookers, etc. The serious problem is that, such rare opportunities won't come
so frequently, imo. In fact, very rare like to see pearls in pebblestones.
About company's Iris and Electra prospectivities, initially I thought 70% possibility of fininding ore deposits.
Since then, with recent Iris initial 2 drill holes assay results, now I am almost certain and remaining question is
'how big are they?' (using plural as there is possibility of more than 1 deposit).
Phenomenologically, the followings are very good signs for success in my interpretation:
1. Previous 2 prospects (Royal in Coluncurry and Orion in SA) were turned out no fruitful outcomes.
2. Anticipated company's Chemelon gold asset sale was cancelled.
3. As mentioned, AGM agendas clearly indicate that all company personeals are to be positioned to gain benefits
from company's any ore depsoits findings.
(Above 1 & 2 cases, usually significant success come after some degree of precedent despairs and frustration, imo)
As a conclusion, any 'risk-takers' are defintiely to be worth to bet in MEP, imo.
But as always, any consequences are any caller's responsibility for his/her own decisions.
"If I'd never taken a risk, I's still be a Blacktown delicassian owner."
(Westfield founder Mr Frank Lowey)
Rgards,
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