MLS 0.00% 2.8¢ metals australia ltd

"They have 15000m of drilling" to do is baseless. They do not...

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  1. 3,222 Posts.
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    "They have 15000m of drilling" to do is baseless.

    They do not necessarily have to do the same meterage of drilling as Focus.

    If a geologist understands the system under the ground, they know where to drill to prove up the resource. That is also discounting any improvements in tech in the 5-7 years since focus was drilling.

    I would be happy if they could prove up a graphite resource that the market values at >$50m without worrying about production, personally. It will take a few good hits.
    Last edited by Beard_of_Zeus: 28/09/18
 
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