I think you have a pretty good chance of getting your wish with AIS / ARE (Torrens). I don't think the headline will be "massive sulphides", but I can't find my notes when I did quite a lot of looking into the Carapateena and Prominent Hill discoveries, and I have forgotten what they call the alteration indicative of copper in an IOCG around there. There is plenty of science now for that area called the Torren Hinge zone in the eastern Gawler Craton so they know what to look for in the geophysics. I would like to know what is the proportion of false positives for drilling the hypothetical "right" anomalies, as that might quantify the likelihood of finding a commercial deposit. My gut feel is that it is a high likelihood, especially with 28 targets and an ground projected area much larger than Olympic Dam, 75 km away. A market cap target the equal of Oz Minerals for AIS would be nice.Hey mate. I guess the dream for holders of these proxy stocks is that they get lucky enough to be early investors in something exceptional. Whether management will ever realise that asset value and elect to return it to holders is another question.
I held DEG, ARV and VXR during the Wits 2.0 thematic but haven't revisited since because the volumes haven't returned. I feel like the conglomerate hype might have another leg in it eventually. Watched KLA when it first listed since Sprott seems to have the golden touch, but the liquidity wasn't there so I passed. Not holding any goldies right now which is unusual for me.
ARE/AIS are my highest conviction plays right now too leading into drilling later this month (hopefully). Would expect both these to run once drilling begins despite the weakness in commodities. I just want to be holding something that goes into meltdown over a "massive sulphides" type announcement and Torrens seems like it fits the bill
Also holding a slab of TNG which I think are the most likely to have a successful Vanadium mining operation of any ASX-listed plays. It may take them a couple more years to get it humming but the commodity price has been cranking upwards and I think that the mining license and finance are both likely to cause re-rates. Voting to remove the chairman at the moment so a risky and possibly rewarding time to be involved.
