Here's a little minnow, with not much cash left, but has potentially discovered a decent deposit in WA.
This was ann'd 6 July. Explains the spike in price.
High Grade Copper-Zinc-Silver-Gold Intersections at Liberty-Indee Project,
Pilbara, Western Australia
20m @ 3.43% Cu, 6.47% Zn, 65g/t Ag, 1.73g/t Au
17m @ 4.16% Cu, 8.7% Zn, 66g/t Ag, 1.03g/t Au
15m @ 2.37% Cu, 3.75% Zn, 45g/t Ag, 0.84g/t Au
Cu equiv of about 7%, nothing to be sneezed at.
These results are amongst a bunch of pretty average hits though, so continuity is a big question.
Will now depend on what sort of tonnage they can scrape out of it. I think further drilling starts in August.
Will need to keep hitting those larger numbers over greater widths to get any real interest I think.
About 200m on issue with various options at .06 gives an MC about $12m.
Cash only $500k and spending that per quarter, so will be doing rounds of the banks about now.