Q: Good morning,
Could you please offer your insights post news release which featured a number of their drill results with apparently more to come in June.
Thanks you,
Brad
Could you please offer your insights post news release which featured a number of their drill results with apparently more to come in June.
Thanks you,
Brad
5i Research Answer:
Results look good. The key points are the size of the potential deposit, it remains open in all directions, it is shallow and overburden is low. Intercept grades are not huge, but for an open pit operation consistency and depth are also important factors. Grades improve with depth, which can be helpful as a mine gets developed. The results generally confirm that this is indeed a discovery, but more infill drilling will be needed. The stock is 'bouncy' but with more results forthcoming investors should be paying attention. These are not gangbuster results, but decent.