Progressive Company, page-5

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18/10/15

10:56

Post #: 16199387
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Originally posted by olington ↑

Main interest for me is the EM signature that exists just south of Talc Lake (report in march I think). The historic EM signature was ignored due to drilling similar signatures and finding only sulphides. They have left this area atm to sure up surrounding prospects.

If they drilled the previously ignored (historic) signature and found no mineralisation it would probably end the companies credibility so I am in and out until they announce they are going for it (after they show potential across the entire 40km of strike) - then I may go long with accumulated capital from my trading ups and downs.

SPP's have been managed well and proactive. Many agreements with staff and contractors include shares as part payment. Their negotiation skills are obviously good. They are not afraid to get second opinions and employ experts to reassess interpretations before throwing cash at the drill.

The modelling is based on real and thorough data with a meticulous approach to following the lava flow threw the sulphur source to the historic southern EM signature. They will drill the (IMO) the mother load source of mineralisation in coming months -after proving many other potentially highly mineralised prospects Hootan/Dingo etc.

So - when they drill the Mother load (south of Talc) and potentially prove it is a false signature (I hope not) they will still have many follow up prospects over 40km of strike to explore further. This way the company will still have the option to raise more cash due to them retaining credibility amongst share holders and other investors.

Apologies if the post is disjointed but was written in a rush.
Bag me out nicely as I have thin skin!

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That was a beautiful smackdown Olington.

Well done mate.

MPJ Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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Progressive Company, page-5

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