PRW - Proto Resources & Investments

doctorj · 15 June 2009

Re: PRW - Proto Resources

sjx said:
What a day.. closed quite high.. expect similar tomorrow in my opinion..

sjx said:
Essentially your right.. and I sold today for that reason.

You changed your mind pretty quickly.

sjx said:
At the end of the day though, the SP rise is probably not warranted.. just ramping.

I'm inclined to agree. Something can be nothing if it's too small and too deep...

NT Trader · 16 June 2009

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!!!!

doogie_goes_off · 16 June 2009

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.

Sean K · 16 June 2009

Re: PRW - Proto Resources

doogie_goes_off said:
OK just read the rest - they have a model. I don't believe it.

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 · 16 June 2009

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.

Sean K · 16 June 2009

Re: PRW - Proto Resources

doogie_goes_off said:
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.

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 · 16 June 2009

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.

sjx · 16 June 2009

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

NT Trader · 17 June 2009

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!!

TCB · 19 June 2009

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....

Sean K · 19 June 2009

Re: PRW - Proto Resources

TCB said:
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....

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?

woltage · 19 June 2009

Re: PRW - Proto Resources

kennas said:
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

shag · 20 June 2009

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.

Sean K · 22 June 2009

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.

Sean K · 7 July 2009

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.

TCB · 21 July 2009

Re: PRW - Proto Resources

kennas said:
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

pops11 · 22 July 2009

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.

TCB · 22 July 2009

Re: PRW - Proto Resources

pops11 said:
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.

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.

Donga · 18 August 2009

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

Sean K · 19 August 2009

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.

PRW - Proto Resources & Investments

doctorj

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NT Trader

doogie_goes_off

disbelieve if you can

Sean K

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doogie_goes_off

disbelieve if you can

Sean K

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doogie_goes_off

disbelieve if you can

sjx

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TCB

Sean K

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woltage

shag

Sean K

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Sean K

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TCB

pops11

TCB

Donga

Sean K

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