AOP 3.13% 33.0¢ apollo consolidated limited

re: Ann: OUTSTANDING INTERCEPT OF 42m @ 7.75g... Well the...

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  1. 7,157 Posts.
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    re: Ann: OUTSTANDING INTERCEPT OF 42m @ 7.75g... Well the quarterly tells us mineralisation is open to the North, South and at depth at Rebecca based upon historic drilling.

    That seems to have been proved today.

    More assays to come later this week.

    Further drilling, once the current program has been analyzed should also produce some hot results as they will have a better idea on where to drill.

    Even at 30c the mt cap is only $12mn with more than $3mn in cash on the balance sheet.

    At 40c even the EV is just $13mn.

    Roll on 40c ... unless anyone can suggest otherwise,

    And that's just Australia I haven't even looked at the African interests as yet.

    EB
 
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