Sula Iron Share Discussion Threads

[bernieboy] 12/5/2017 08:34

It already is a beauty!

[deanroberthunt] 12/5/2017 08:23

be making new highs later on....once the impatient have exited....

this is going to be a beauty

[deanroberthunt] 12/5/2017 08:12

been adding at 0.58, 0.59p ....

[soulsauce] 12/5/2017 08:05

Back up BernieBoy hopefully.

[deanroberthunt] 12/5/2017 08:01

this is staring a gift horse in the mouth....

[bernieboy] 12/5/2017 07:46

Looks like a classic buy on rumour sell on news to me. Not sure where it is headed in the short term. Patience required.

[atlantic57] 12/5/2017 07:32

Not sure about that Pca last week these touched .68,so you would have expected a much bigger spike onthe announcement,particularly given the grades. I am happy to hold,over time they will appreciate.

I thought they would have opened at 0.8

[pca] 12/5/2017 07:27

Market makers taking cheap shares off people selling the news

[atlantic57] 12/5/2017 07:23

Given the market reaction it looks like the most significant comment on the bb is the
Narrowness of the intersects not the grade.

[soulsauce] 12/5/2017 07:19

dingo lol, hopefully in a few weeks time the word Kuwait will be synonymous with lots of gold.

[dingo75] 12/5/2017 07:17

thought there was only oil in kuwait!

anyway, stonking batch of results. nice one ;)

[soulsauce] 12/5/2017 07:12

Not sure what people were expecting, may be digging nuggets out of the ground.

May be will have to wait for resource upgrade to get folk interested.

[escapetohome] 12/5/2017 07:10

Needs some press publicity after second batch results,

[letmepass] 12/5/2017 07:08

People not buying at the moment..

[soulsauce] 12/5/2017 07:00

Yes TS they seem particularly excited by the Kuwait prospect.

[on target] 12/5/2017 06:59

You have to look at the width of the intersects not just the grade. There are some decent grades mentioned in this RNS but the intersects are small.

[escapetohome] 12/5/2017 06:59

A world class deposit , ftse 250?

[trulyscrumptious] 12/5/2017 06:56

Let's hope we don't get inundated by traders now and with more samples in a couple of weeks things are really looking good.

[killman2] 12/5/2017 06:51

Are these spectacular results? Going by this they could be:

GOLD: It is usually reported in grams per tonne (or g/t), although sometimes, in the US, it is in oz/ton. A gram of gold is worth about $25, so 2 grams or better would be viewed as high-grade for bulk tonnage mining. One hundred metres of good grade is again good criteria for thickness.
As a spectacular example, Aurelian Resources announced intercepts of 216 metres grading 12.8 grams gold/tonne from its Fruta Del Norte deposit in Ecuador, now owned by Lundin Gold. This result is truly exceptional in terms of grade and thickness, and propelled the stock from $2 to over $22 in 2006. However, this extreme grade and thickness only comes along once every 10 years or so.

[mike the golfer] 12/5/2017 06:49

Great results to date:

· 5 drillholes assayed: 1 drillhole from Sanama Hill (TZ0) and 4 drillholes from the TZ2, the Eastern target;

· High grade assay results of 15.9g/t over 4.8m (3.1m true width), including 37g/t Au over 0.75m, from within a mineralised shear zone interval of 32.6m (21.0m true width) with a length weighted grade of 3.65g/t Au were intersected between 122.85m and 155.45m in drillhole FDD014 at Sanama Hill;

· 6.8 g/t Au was also intersected between 185m and 186.2m in FDD014 along with an oxide zone assay of 2.31 g/t Au between 48m and 49.5m;

· FDD014 demonstrates continuity of gold mineralisation 45m from the previous high grade intersections recorded in FDD002 and FDD004 from drilling carried out in December 2015;

· Logging and structural data collected at FDD014 highlights a complex zone of thickening associated with a significant shear zone within the Sanama Hill target; and

· Drilling at the Eastern Target (TZ2) confirms a major sulphide system associated with numerous shear zones.

It should be a very good day!

[killman2] 12/5/2017 06:43

good news or what from quick look - must be moving higher

[tialouise] 12/5/2017 06:25

Boom!!!! That's fantastic grades

[mam fach] 09/5/2017 09:11

Once the herd arrive it's just pump and dump.
Personally I am always suspicious when a quiet BB gets loads of posts.