I'm reading these results as ok but not great. Spoke to a mate who is in the geology field and he confirmed my initial take on it. It all hinges on the drilling and whether they pierce something good but then things like JORC requirements , Capex etc will require a lot of money and this is where the problem lay. We don't have the money and I can't see too many people willing to throw in any more money.
He also said it doesn't look like a massive ore body with percentages seemingly low.
I guess first things first, let's drill and see what we find.
AON Price at posting:
1.6¢ Sentiment: None Disclosure: Held