Been buying a few of this mainly gold/copper explorer. Any opinions welcome.
The things that interested me based on the annopouncments, a talk to the MD and the chart were: 1. Conquistador - chargeability anomaly extending below current deepest drillhole (presently subeconomic grades) - so there's a chance of something here and MIM appeared keen to fund diamond drill holes and looking for polymetalic. Drill by Christmas. 2. Rabbit Well and Snake Well - basically the MD suggested it looks like they have hundreds of thousands of tonnes at around 10 g/t that is open pittable to be treated by heap leach. Drill my Christmas. 3. The Blue Rose prospect - copper/gold. Based on jumps in price around announcements market seems to think this one matters. they can't get hold of a drilling rig at the moment. 4. They have 3 JV's in Ashburton - plenty of people wanted to farm in so they held a Dutch Auction.
Basically in the short term interestd in the drill results they'll be coming out with.
Cheers hots
GIR Price at posting:
0.0¢ Sentiment: None Disclosure: Held