On the back of GAL'S sulphide hit you would have to think BLZ are in the box seat to drill the Nickel Sulphide targets at Jimberlana - could be the next Julimar.
Very disappointing total Nifty resource. I would be tempted to shift to DRE, PEX, HGO, NWC or PUA for speccy copper stocks. This stock is completely over valued IMO.
Greggles pointed out that SP 5c to a low of around 2.5c. The Earaheedy tenure is starting to be granted - I expect positive sentiment to come back into this one - target >5c
205m @ 1.4% Cu (Wirlong) - getting deep. Deeper hole yet to be assayed.
And
28.84m @ 3.12% Cu with a bit of gold and sniff of silver. (Mallee Bull)
These things go to the end of the earth.
Should be a good resource upgrade.
The feedstock grade makes little difference. All the kaolin plays are the same. There is minimal resource risk. Results mean bugger all. The cost is in the processing and hence the risk is in the processing cost. Anyone can find some kaolin. Very few can create 4N/5N HPA successfully. Hence the...
1000 barrels (oil only) at $83 US a barrel is ~ 30M US a year - well cost ~ 10M so paid back in December then ~$20M US (closer to $30M Aus free cash flow next year - company has a market cap of $87M Aus so a price to earnings middle of next year will be ~3 or otherwise known as extremely...
$20M cap raised @ 37.5c with news flow to come - resource, reserve, metallurgical recoveries and a chance to leverage off RCF (big private equity) to get into production first.
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