ozblue, . . . still no leaky boat (close tonight: strong support...

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Slider on the black

1,630 Posts.

23/09/14

19:41

Post #: 14017259
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Originally posted by ozblue ↑

Slider,
I bought in, mainly on the opportunity of Parndarna, ie risk/reward. At these prices there is hardly any downside for failure at KI, because of all the factors you mention in the JV with Antagofasta.

In fact the SP can rise substantially if there are any reasonable hits on any of the JV drill programs.

I personally have a very high belief in there being a substantial find with a lot of follow up further work needed at Parndana. The Zn,Pb and Ag small veins from a few years ago had to come from somewhere, the current drill program will hopefully uncover the source. I have spoken to the head Geo there (KI and before drilling started) and it is hard to imagine an alternative to a large SEDEX find. Most of the possible 'alternatives' just don't stack up for various reasons. I know he was very bullish at the time, but I've been told geologists are an optimistic bunch on the whole.

We should know what's there any day now, as the expected 6 weeks for drilling is well past, plus another couple of weeks for assays, gets us close to now. Hopefully we get a trading halt while the company goes through the results from the assays because the news is so

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ozblue,

. . . still no leaky boat (close tonight:
strong support to entitlement
issue price).
. . . last trade @ 9% above entitlement
issue price.
. . . just sphalerite and galena required!
. . . crowd control in Melbourne mall?

Thanks again,
Slider

PS if it is not like Mt Isa,
there is still the other Punt.

MOX Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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ozblue, . . . still no leaky boat (close tonight: strong support...

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