SVY

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2.6¢ stavely minerals limited

Ann: Second Thick Zone of Bornite at Thursday's Gossan, page-24

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wacket

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19/02/19

00:08

Post #: 37478005
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Originally posted by ozblue ↑

Congratulations to holders on this advancing story.

I have not seen it mentioned by anyone, but did people notice this new bornite/chalcocite was discovered on the WEST side of the N/S structure, whereas last week in the announcement they were looking for it at depth on the EAST side of the N/S structure.

This should take a bit of time after assays to work out where to drill the next hole, and IMHO might also raise the possibility that the N/S structure has split the porphyry. Given the number of 'surprise' underground changes, I don't think this will come as a major surprise to anyone.

Another aspect no-one has mentioned recently is how the cash coffer is looking. Last year they spent about $2m/qtr with just over $4m for the half with only $2.3m left in the kitty by the end of December.

IMHO they will need to raise before the end of the quarter, and the best time is usually around some good exciting news. Sometime in the next week or so would seem the ideal time for a placement, does anyone have any thoughts on this??

I don't currently hold but will be looking to enter again after cap raise.

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I think they will raise after 45. Assays late Feb early March I am confident they will support share price.
Drillers working for part script. Most of us are up to speed in regard to the NSS.

SVY Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Ann: Second Thick Zone of Bornite at Thursday's Gossan, page-24

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