My understanding of why Ashburton is very pleased - from a...

My understanding of why Ashburton is very pleased - from a junior copper mine investor.
I did my homework. ATN never had such good result ever for MT WEBB region.

Look at the map provided in the announcement, on the west side of Mt WEBB, the drill of PKC007 (24-58m) and PKC008 (76-94m) has intersected more concentration of copper in shallow ground than opposite side of first started PKC001-006 (Normally, commercial worth copper mine start from as low as 0.1% upwards). From the information given by ATN, it is possible that there is more copper concentration on another side of MT WEBB. If another drill hit 1% copper concentration, then it is a jackpot!

No matter who pushed the share price up for any reason, the copper concentration in average never above PKC007 and PKC008. That is why I think it is better news and why they said: "it very pleased".

I tried to read between the words. Hopefully, other players don't just judge the number of 0.3% of copper. Have happy investing, guys!


Hole ID From(m) To (m) Intercept (Cu)
PKC001 0 205 205m @ 0.10
58 66 8m @ 0.32%
178 205 27m @ 0.31%
204 213 8.6m @ 0.30%
PKC002 30 60 30m @ 0.31%
30 46 16m @ 0.51%
PKC003 146 190 44m @ 0.30%
146 172 26m @ 0.42%
PKC004 36 46 10m @ 0.21%
58 68 10m @ 0.18%
156 166 10m @ 0.60%
PKC005 0 14 14m @ 0.09%
104 152 48m @ 0.19%
124 138 14m @ 0.51%
PKC006 0 71 water bore
PKC007 24 72 48m @ 0.36%
36 66 30m @ 0.52%
40 58 18m @ 0.67%
46 58 12m @ 0.84%
PKC008 76 94 18m @ 0.57%
104 112 8m @ 0.28%

All the above information get from ATN announcements in the past.