re: still speculative though
Despite the hype, still a risk guys.
Potential for a massive olympic dam type deposit going on prior releases. If confirmed, forget $2. It could go over $10. The intersections announced were massive. If economic grades are encountered over the whole intersection, we are probably talking up to 1 billion tonnes here based on my prelim calcs. The anomalies drilled are huge and they have 3 confirmed IOCG systems (or one massive mother..)
Despite that the key are the assays. It will confirm whether it is likely to be economic. But, Hole 1 is probably not going to be great based on core photos. Hole 2 may be ok, hole 3 good. If hole 1 releaed first - market will be disappointed.
Further drilling may also have discovered something though?
MOX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held