Its a speculation share. Its a HIGH risk for HIGH returns. Having said that, shareholders are frustrated when they see the SP drop from a high of 0.036¢ 10/11/2017 down to 0.005¢ close yesterday 16/03/2018 within 83 trading days or 86% decline is SP value.
The company has Programme of Work (POW) approved and waiting on heritage clearance (P3 REVIEW OF GRACE GOLD PROJECT HIGHLIGHTS SIGNIFICANT GOLD SYSTEM AND MULTIPLE UNTESTED IP ANOMALIES Dated 23rd January 2018.
Hopefully we will get the green light for clearance sooner rather than later so they can start drilling. Till then people will post their frustrations on here, including myself. We have the land and we have historic results from prior drilling: (P1 of the announcement dated 23rd January 2018) now it is a waiting game.
Review of recently acquired 100% owned Grace Project demonstrates significant
high grade intersections and multiple IP anomalies along the regional Grace-Bemms
Shear.
Historic intersections from prior drilling include:
10.0m at 20.95 g/t gold and 0.25% copper from 6.0m GPB0801
33.0m at 1.55 g/t gold and 0.05% copper from 53.0m GR124502
12.0m at 14.38 g/t gold from 56.0m GR037
3.1m at 8.28 g/t gold and 0.03% copper from 17.1m GPC9106
22.0m at 1.31 g/t gold from 71.0m GR124002
6.0m at 5.61 g/t gold and 0.04% copper from 34.0m GR128001
4.0m at 7.04 g/t gold and 0.04% copper from 38.0m GR124501
16.0m at 2.64 g/t gold from 34.0m BR8-5
4.0m at 5.13 g/t gold from 30.0m HK3-4
