SVY 0.00% 2.3¢ stavely minerals limited

Ann: Second Thick Zone of Bornite at Thursday's Gossan, page-80

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  1. 11,557 Posts.
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    I don't know of any peers here. What other minnow is searching for porphyry cu/au etc in Oz?

    I know that AL8 is exploring a porhyry in the USA. That SP went to the moon on a dream supported by some posters with a good reputation, but is now way way down. AL8 has found it to be expensive work. Deep drilling with diamond drills is very expensive. Most explorers only use it after homing in on potential ore after mapping, soil sampling, auger/RAB/aircore and/or reverse circulation (RC) plus some geophysics. Assess SVY quarterly exploration expenses for the past few years to get an idea on costs.

    Also, have a look at AML, AMG and PEX to see what sort of mineralised copper they are pursuing. The broader you go the better the picture you create. I don't hold any shares in these companies. I just have been monitoring them. I'm a copper man. Sprinkle some gold in and all the better!
 
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