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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: Maple MAGA who wrote (171348)5/7/2021 5:15:55 PM
From: sense  Read Replies (2) of 217661
 
I note that FMC's project had Rio Tinto follow through to drill the complete package they'd planned... and my guess is that if the conductor they had identified turned out to be carbon or a diffuse smattering of iron or magnesium... they probably wouldn't have drilled more than two or three holes before calling it good...

When it got too sloppy to continue, they left the drills to overwinter on site "in case we need to do more drilling in June" ? Hmmm.

Perhaps what they found was only more of the same in lower grade copper like that found nearer surface? If that was true... there would still have to be a lot more of it in order to give the IP response they got that lured them into more drilling...

An informed guess might suggest... they found something better... and perhaps its worth the gamble...

My experience suggests "wait for it"... as if it turns out a dud you can't get that $ back... and if it turns out good... you don't actually risk or lose anything by waiting for it until after the fact...

So, hawk the news on it... and maybe time an entry later based on what the news shows...

Posted FMC along with other copper pennies on my page yesterday...

My pick of the litter is still TMQ... which is a development project vs exploration... and it has a deal like MAG Silver has with Fresnillo, only in copper, as TMQ is carried as a 50/50 JV partner with South 32... in a project with a whole lot of additional upside in the exploration still to be done...
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