AON 7.14% 1.3¢ apollo minerals limited

They must have been incredibly lucky to intersect 5g/t and 15g/t...

  1. 5,278 Posts.
    lightbulb Created with Sketch. 141
    They must have been incredibly lucky to intersect 5g/t and 15g/t on that first hole!
    Just because the follow up shallow drilling wasn't as high doesn't mean mars AT isn't significant.
    It will take a few rounds of drilling and surveys to interpret the geology and revise the theory on what they think is there. It could be an epithermal deposit, the richer ore is shallow and found in veins.
    Maybe by pure luck they hit a shallow vein on the first hole.

    http://goldinvestingnews.com/13150/an-overview-of-epithermal-gold-deposits.html

    My main concerns with AON are lack of working capital, the consolidation, poor shareholder communication, talking up what they have before proving it, HPX.

    If Mars and the Fraser ranges are to be drilled, they will need more cash and/or a JV with another explorer.
    Last edited by mabrook: 20/06/15
 
watchlist Created with Sketch. Add AON (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
-0.001(7.14%)
Mkt cap ! $18.10M
Open High Low Value Volume
1.4¢ 1.4¢ 1.2¢ $1.84K 147.1K

Buyers (Bids)

No. Vol. Price($)
1 367310 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 190000 1
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
AON (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.