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clock Created with Sketch. 29/11/17
10:15
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Originally posted by ainsleym
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I was in this stock prior to their first drill results figuring it would take a jump based on the old CRA results and N27 was drilling / assaying the sweet spot. Results lived upto expectations but nothing extraordinary over and above the CRA historical results. Baled out on results announcement, small profit, as the CRA drill holes over the remaining Stanton area were only just so so I felt. I'm inclined to the view the current results (today) are not spectacular, just so so and really not too far from what was expected from CRA's drilling. Clearly the deposit now looks closed out to the west, and north, N27 is suggesting the south may be open although I recall from all the previous CRA drilling that there is a fault zone immediately to the south of the current drilling and the one CRA hole on the other side of the fault ( south side) was a bit underwhelming in regards cobalt assay. There has been a lot of historical work done on the Stanton deposit ( drilling, geology interpretation) which can be accessed on the internet. Not downramping, just informing that this is not a newly discovered cobalt deposit. Nontheless, there are other multiple areas to be drilled in the locality, 27 management appear well grounded and professional, and no dou=bt the stock is tightly held and not that many shares on the register. For the moment I will watch, may re-enter at some point.
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Sorry if I'm misreading something... But these results of drill holes is 0.31% and 0.21%... Thats one of the highest in Australia isnt it? Thats a good thing right?
