HLX 0.00% 0.4¢ helix resources limited

Rig in place for Yathella follow up -GOOD! Should be drilling...

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  1. 4,874 Posts.
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    Rig in place for Yathella follow up -GOOD!
    Should be drilling now.
    Spend this qtr circa $700 K, with circa $600 K left.
    If anywhere near 100,000 tons of copper and equivalents this equates to $800 million AUD in ground value
    at present copper, zinc, silver prices.
    As this is essentially from surface and with very defined targeted high grade mapping, extraction should be
    highly economical.
    With this resource estimation due within circa 6 weeks and with the potential this assay round for continued
    highest record copper and silver grades - PLUS the potential for greater widths, this will not have a CR
    at these levels.
    Potential - yes.
    This time a trading halt would be warranted IF continued high grades and higher widths.

    JMO


    Cheers
 
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