The assays will determine what is there (suspected or not).
The reluctance to accept the bid below
2.1 c. may be because of the expectation
of other (Antofagasta) drilling,
as well as an absence of punters with urgent liquidity requirements.
Punt Hill drilling preparation is apparently under way.
But Oliffes?
The risk/reward at the ask,
regardless of Parndana,
may for some who comprehend
the optionality of risk (write off for
failure, but potential huge rewards
for success) be really attractive
(heads or opos).
Antofagasta PLC (Footsie 100!),
although not involved in Parndana,
are well 'involved' in Punt Hill.
Cheers,
Slider
MOX Price at posting:
2.3¢ Sentiment: None Disclosure: Held