KMT 5.00% 2.1¢ kopore metals limited

Ann: Kopore Metals Presentation - 121 mining conference Hong Kong, page-5

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  1. 859 Posts.
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    Looks like that 1m share sell order shifted down from 2.5c to 2.0c...??

    My interpretations of the announcements thus far is...

    - Korong East (KM3) - 15 scout holes for 1200m (mix of RAB and RC) must have been 50-100m each. Completed in August, results being interpreted with the objective of identifying targets for follow up drill campaign in 2019.

    - Kara (GW3) - looks like initial plans were to do 1800m of drilling but they pumped this up to 3000m (including 400m of DD). Looks like dkar/NPF contact is quite close to surface and they are encouraged at initial results. Most of the drilling appeared to have been close to done by time of oct 22 preso (I suspect the DDH will have only just complete if so).

    - Korong Nth (KM1) - 800m of RC by the looks and must be close to finish.

    So around 5000m should have been drilled out by about now. Hopefully some news on assays soon - especially Kara as this seems a touch more than simply scouting holes and they appear enthused. MOD appear to have long turn around times on assays so it might be until end of month before any announcement.

    The thing preventing people from getting in an building a position is the real lack of liquidity in the stock IMO but can’t really change that unless we’ve got something a bit more meaty to lure the speculators in... MODs drilling down the SW could also act as a catalyst.
 
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