Drill bit could well be spinning, lets hope we get an...

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taproot

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16/06/18

15:15

Post #: 33756799
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Originally posted by ghosta ↑

Well its full speed ahead on Lithium targets, of which there seem to be plenty, and while the drill rig is in the area a chance to test a couple of conventional gold targets that popped up.

Interesting to see if proposed drilling at Bellary Dome goes ahead. There may be a case for delaying it like DEG is doing. In a sceptical and alsmost clueless market which appears to completely lack any understanding that in order to prove up any resource, a vital part of the of the process is to find the limits of the ore body. Anything less than stellar results are misunderstood and the SP punished severely.

Might be better to wait and let Novo educate the market on what to expect...and the wait could be a while given NOVO 's complete failure so far to explain to the market what its doing in context in any of its news releases. Hopefully that will change and the market condtions will allow companies to get on with the buiness of exploring conglomerate without the threat of a SP collapse when reporting routine work.

Im not particularly a lithium fan (i was ten years ago) but am keeping an open view on things and recognise that a good find will produce a substantial boost to the SP in the medium term, so i believe MZN is headed in the right direction. But will need good results and if they are forthcoming the present SP will be seen later as the "Bargain of the year".

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Drill bit could well be spinning, lets hope we get an announcement early next week confirming. Have really been looking forward to this campaign. GLTA

MZN Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Drill bit could well be spinning, lets hope we get an...

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