BHP Copper discovery, page-2

you have to hand it to HC it has an awesome way of distributing news to punters. i just read this courtesy of drifta. thanks mate. this is cheap as chips.

Given the highly prospective nature of its projects, it is hard to believe that Strategic Energy has a market cap of less than $4 million — particularly given that the group has cash of $1.5 million.

Adding further to the seemingly substantial divide between the value of the group’s assets and its enterprise value is the fact that it also owns the Saxby Gold Project in a prolific high-grade region of Queensland.

Such is the tenor of the area under exploration that several major mining companies have recently joined the hunt for high-grade gold near Saxby.

Newcrest (ASX:NCM) and Rio Tinto (ASX:RIO) have made applications for mineral exploration permits just to the south and Mount Isa Mines already holds granted exploration permits in the area.

Two historic drill holes at Saxby spaced 200 metres apart returned hits of 17 metres at 6.75 grams per tonne gold and 15 metres at 9.09 grams per tonne gold.

SER management has developed a drilling program for Saxby and is considering JV options to fund the program.

With several big players looking to acquire tenements in the area, the emergence of a JV partner may not be far away, and such a development could see the value of the asset reflected in the company’s share price.

On this note, management recently confirmed that it is discussions with multiple potential partners.