PRW - Proto Resources & Investments
- Thread starter Captain_Chaza
- Start date
- Joined
- 12 June 2009
- Posts
- 6
- Reactions
- 0
Re: PRW - Proto Resources
At this point in time, I am happy to sit on these until the next announcement.
The news has been plastered all over the front page of the NT News. Anything that knocks a crocodile story off the front page is pretty special!!!!
At this point in time, I am happy to sit on these until the next announcement.
The news has been plastered all over the front page of the NT News. Anything that knocks a crocodile story off the front page is pretty special!!!!
doogie_goes_off
disbelieve if you can
- Joined
- 27 February 2007
- Posts
- 655
- Reactions
- 31
Re: PRW - Proto Resources
No hint of a mineralisation style, 5% chalcopyrite = ~2.5% Cu maximum as guess. Bigger Cu deposit at depth?? Very speculative. Never the less a good hit. Poor geolgical model when Nickel target turns into a copper hit!???
OK just read the rest - they have a model. I don't believe it.
No hint of a mineralisation style, 5% chalcopyrite = ~2.5% Cu maximum as guess. Bigger Cu deposit at depth?? Very speculative. Never the less a good hit. Poor geolgical model when Nickel target turns into a copper hit!???
OK just read the rest - they have a model. I don't believe it.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
It's the best discovery since the last Olympic Dam potential hit.
But it's the same type of dirt somewhere in Russia that has a really big deposit of stuff...
It's the best discovery since the last Olympic Dam potential hit.
doogie_goes_off
disbelieve if you can
- Joined
- 27 February 2007
- Posts
- 655
- Reactions
- 31
Re: PRW - Proto Resources
Sorry Kennas but doesn't look like olympic dam, but does have lots of characteristic costs of olympic dam ie: Deep drilling required on a gravity anomaly (all basalts/gabbros are gravity anomalies), unsubstantiated target type (Nickel-PGE) with some leftover copper juice that may return a good result from overlying rocks. Good rumor, but lots of geological work and capital required - it's a sleeper. It could be big (For Nickel-PGE), I'll wait for some real signs like visible nickel minerals.
Sorry Kennas but doesn't look like olympic dam, but does have lots of characteristic costs of olympic dam ie: Deep drilling required on a gravity anomaly (all basalts/gabbros are gravity anomalies), unsubstantiated target type (Nickel-PGE) with some leftover copper juice that may return a good result from overlying rocks. Good rumor, but lots of geological work and capital required - it's a sleeper. It could be big (For Nickel-PGE), I'll wait for some real signs like visible nickel minerals.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
Looks like a sure thing to me DGO. Sure enough to get a crocodile off the front page of the NT News. The biggest discovery in recent memory I think it's been called. Better jump on the train, or you'll miss the bus!! Toot toot!!
doogie_goes_off
disbelieve if you can
- Joined
- 27 February 2007
- Posts
- 655
- Reactions
- 31
Re: PRW - Proto Resources
Like a club sandwich with no bacon. From a distance it looks meaty, up close it appears to be lacking the essential ingredients.
I wish the train had not looked like a Caboose and I'd have jumed on whilst there was still something to ride.
Like a club sandwich with no bacon. From a distance it looks meaty, up close it appears to be lacking the essential ingredients.
I wish the train had not looked like a Caboose and I'd have jumed on whilst there was still something to ride.
- Joined
- 1 October 2008
- Posts
- 70
- Reactions
- 0
Re: PRW - Proto Resources
I'm going to do something terrible and quote a fellow from HC
"Having drilled a few copper and other base metal deposits in my time, I saw this announcement and thought people are really getting excited way too early about this...
As any good geo will tell you all copper mineralisation is visible and then a trained eye will estimate the % of that mineralisation and then estimate an assay grade based on the Cu mineral/minerals present. Actually a fun game for a geologist predicting the assays for Cu, unfortunatly can't be done for Au.
So they have 5% chalcopyrite over 15m at 384m depth, which equates to approx 1.73% Cu (1% Chalco = 0.346% Cu). You will soon learn about the estimation abilities of the geologists, who are working on it.
Anyway we will wait and see about the assay grades, just remember some companies can't even make those sort of grades work at surface.
Enjoy the ride."
The copper is a little way down, and its gonna take some effort getting there. It's promising - they have found something special, but getting there is the next challenge.
Personally, I think we will see a drop back to 6-8 cents before we see some sort of rise. At 6 cents, I think the stock is definitely oversold however.
Anyway, lets see what tomorrow brings.. hopefully the DOW goes well...
Regards,
Sam
I'm going to do something terrible and quote a fellow from HC
"Having drilled a few copper and other base metal deposits in my time, I saw this announcement and thought people are really getting excited way too early about this...
As any good geo will tell you all copper mineralisation is visible and then a trained eye will estimate the % of that mineralisation and then estimate an assay grade based on the Cu mineral/minerals present. Actually a fun game for a geologist predicting the assays for Cu, unfortunatly can't be done for Au.
So they have 5% chalcopyrite over 15m at 384m depth, which equates to approx 1.73% Cu (1% Chalco = 0.346% Cu). You will soon learn about the estimation abilities of the geologists, who are working on it.
Anyway we will wait and see about the assay grades, just remember some companies can't even make those sort of grades work at surface.
Enjoy the ride."
The copper is a little way down, and its gonna take some effort getting there. It's promising - they have found something special, but getting there is the next challenge.
Personally, I think we will see a drop back to 6-8 cents before we see some sort of rise. At 6 cents, I think the stock is definitely oversold however.
Anyway, lets see what tomorrow brings.. hopefully the DOW goes well...
Regards,
Sam
- Joined
- 12 June 2009
- Posts
- 6
- Reactions
- 0
Re: PRW - Proto Resources
Down she goes!!! I great little money spinner selling off and buying back in, probably tomorrow I fell will see PRW bottom out and me buy back in. Hopefully assay results are good and we see some upward movement again! Either that or it has been a sensational beat up!!
Down she goes!!! I great little money spinner selling off and buying back in, probably tomorrow I fell will see PRW bottom out and me buy back in. Hopefully assay results are good and we see some upward movement again! Either that or it has been a sensational beat up!!
Re: PRW - Proto Resources
Been away in Cairns on business and missed the start of the weeks trading. Still looking strong plenty of interest again in this one today. Hopefully someone read my earlier posts and bought a slice. Doctorj I still think that prw has "the potential" to be one of the biggest discoveries. We will have to wait and see. If it doesn't then its research research research again for another speccy. Cheers....
Been away in Cairns on business and missed the start of the weeks trading. Still looking strong plenty of interest again in this one today. Hopefully someone read my earlier posts and bought a slice. Doctorj I still think that prw has "the potential" to be one of the biggest discoveries. We will have to wait and see. If it doesn't then its research research research again for another speccy. Cheers....
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
15m of visable cu from 300m plus?
Geology similar to some place in Russia?
Have you not read the other comments in regard to what this means?
Or, maybe you're right, and in 10 years this turns into a Copper mine. Or, will it be a Nickel mine? Or, maybe PMG?
Has the potential to be one of the biggest discoveries based on what TCB?Been away in Cairns on business and missed the start of the weeks trading. Still looking strong plenty of interest again in this one today. Hopefully someone read my earlier posts and bought a slice. Doctorj I still think that prw has "the potential" to be one of the biggest discoveries. We will have to wait and see. If it doesn't then its research research research again for another speccy. Cheers....
15m of visable cu from 300m plus?
Geology similar to some place in Russia?
Have you not read the other comments in regard to what this means?
Or, maybe you're right, and in 10 years this turns into a Copper mine. Or, will it be a Nickel mine? Or, maybe PMG?
Re: PRW - Proto Resources
I just wanted to put a smiley face in appreciation of this post and i need 100 characters...
We need a mega smiley face icon, equivalent to 100 characters
Has the potential to be one of the biggest discoveries based on what TCB?
15m of visable cu from 300m plus?
Geology similar to some place in Russia?
Have you not read the other comments in regard to what this means?
Or, maybe you're right, and in 10 years this turns into a Copper mine. Or, will it be a Nickel mine? Or, maybe PMG?
I just wanted to put a smiley face in appreciation of this post and i need 100 characters...
We need a mega smiley face icon, equivalent to 100 characters
Re: PRW - Proto Resources
oh yeah this one has to have a hundred bucks and more on it, just because they have been spending their drilling and digging dosh on good PR wallys.
look at nz, it now has its own OJ simpson just cause the convicter multi murderer Bain had a grt PR machine and threw taxpayers dollars at it and it looked good in the surface if u ignored the evidence.
get traction in the media and anythings possible.
tho sadly this one is way more likely than bain being remotely innocent.
it has to be time to throw around the olympic dam comparisoms for other finds too.
isnt there an article in todays paper re typical directors trades pre and post announcements. i cant locate it presently.
oh yeah this one has to have a hundred bucks and more on it, just because they have been spending their drilling and digging dosh on good PR wallys.
look at nz, it now has its own OJ simpson just cause the convicter multi murderer Bain had a grt PR machine and threw taxpayers dollars at it and it looked good in the surface if u ignored the evidence.
get traction in the media and anythings possible.
tho sadly this one is way more likely than bain being remotely innocent.
it has to be time to throw around the olympic dam comparisoms for other finds too.
isnt there an article in todays paper re typical directors trades pre and post announcements. i cant locate it presently.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
Oh dear..
The boys at PRW have been busy over the weekend working out how to explain away their BS claims of this been the most incredible discovery in the multiverses and such...
The ASX has rightly smashed them with a very detailed 'please explain' and their answers need to be answered imo.
Oh dear..
The boys at PRW have been busy over the weekend working out how to explain away their BS claims of this been the most incredible discovery in the multiverses and such...
The ASX has rightly smashed them with a very detailed 'please explain' and their answers need to be answered imo.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
What are the ASX thinking.
An ann about an application for some dirt is price sensitive?
The joker who decided this must have bought some on the visible Cu at 3000m announcement.
July 7, 2009
Proto moves to secure additional exploration ground near NT copper discovery at Lindeman’s Bore
ASX Release: PRW
Executive Summary
· Proto has lodged four new Exploration Licence Applications (ELAs) in the Northern Territory covering 3,005 km²
· The new tenement applications are northwest and southeast of Proto’s recentlyannounced copper discovery at Lindeman’s Bore
· The Company believes the new ELAs are prospective for Norilsk style nickel-copper-PGE mineralisation.
What are the ASX thinking.
An ann about an application for some dirt is price sensitive?
The joker who decided this must have bought some on the visible Cu at 3000m announcement.
July 7, 2009
Proto moves to secure additional exploration ground near NT copper discovery at Lindeman’s Bore
ASX Release: PRW
Executive Summary
· Proto has lodged four new Exploration Licence Applications (ELAs) in the Northern Territory covering 3,005 km²
· The new tenement applications are northwest and southeast of Proto’s recentlyannounced copper discovery at Lindeman’s Bore
· The Company believes the new ELAs are prospective for Norilsk style nickel-copper-PGE mineralisation.
Re: PRW - Proto Resources
Kennas spot on after some research there is nothing scientific or quantitative about the number presented by PRW. I will in future exercise extreme caution (skepticism) when faced with this type of claim again. Still made a sh*t load of money after selling but haven't invested any yet. Any tips
Has the potential to be one of the biggest discoveries based on what TCB?
15m of visable cu from 300m plus?
Geology similar to some place in Russia?
Have you not read the other comments in regard to what this means?
Or, maybe you're right, and in 10 years this turns into a Copper mine. Or, will it be a Nickel mine? Or, maybe PMG?
Kennas spot on after some research there is nothing scientific or quantitative about the number presented by PRW. I will in future exercise extreme caution (skepticism) when faced with this type of claim again. Still made a sh*t load of money after selling but haven't invested any yet. Any tips
- Joined
- 21 June 2009
- Posts
- 34
- Reactions
- 0
Re: PRW - Proto Resources
Agree very deceptive ANN and just a visible on resource not much to go on really, TCB have a look at FAR, RMC, MOE, TOE possible KAR
I hold FAR and im waiting for news from Shell as to a go ahead or drill, like RMC item on them in todays THE AUSTRALIAN good luck.
Agree very deceptive ANN and just a visible on resource not much to go on really, TCB have a look at FAR, RMC, MOE, TOE possible KAR
I hold FAR and im waiting for news from Shell as to a go ahead or drill, like RMC item on them in todays THE AUSTRALIAN good luck.
Re: PRW - Proto Resources
Thanks popps11, already picked up some KAR in Feb for a nice price. I'm very happy with that one. I will research FAR as well.
Thanks popps11, already picked up some KAR in Feb for a nice price. I'm very happy with that one. I will research FAR as well.
Re: PRW - Proto Resources
Surprised this thread has been so quiet The geo techies have written off the LB "strike" and I've held hoping (pretty lame) they were unorthodox with their language. There just seems more to this with the interest in the area, NT govt involvement and their obvious enthusiasm. Tomorrow will tell us a lot about their style and/or their motives
Surprised this thread has been so quiet
The geo techies have written off the LB "strike" and I've held hoping (pretty lame) they were unorthodox with their language. There just seems more to this with the interest in the area, NT govt involvement and their obvious enthusiasm. Tomorrow will tell us a lot about their style and/or their motives
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: PRW - Proto Resources
I can't see the ann as my pdf reader is on leave.
Must be good.
Down 40% or so.
Better back up the truck.
I can't see the ann as my pdf reader is on leave.
Must be good.
Down 40% or so.
Better back up the truck.
