re: Ann: OUTSTANDING INTERCEPT OF 42m @ 7.75g...
The other thing about this result is that:
a.) 42m @ 7.75g isn't likely to be a freak accident, thats a huge section of mineralisation.
b.) there are no drills to the right of this one, so it could extend that direction
c.) it gives the company an idea of what an anomaly (from EM or seismic) _should_ look like when they are trying to pick drill locations; and
d.) the market cap currently (at .225) is under 10mil, which means 100k ounces would more than justify this MC and this deposit should be more than that.
AOP Price at posting:
21.7¢ Sentiment: ST Buy Disclosure: Held