THOUGHTS - What's that song called by white snake ?
Here i go again on my own.... ?
lol
I was looking at the Alwyn and said...
Could the depression be a porophry copper gold system in a sediment ?
So i decided to search online for a historical on Alwyn...
To my surprise there actually is a historical....
And whatdaya know - copper in sediments.
Quartz stock work mixed with sediments, only a few veins.
Moreso sediments with brecciated quartz.
Drills are pointed to the larger kidney shaped outcrop.
Now look behind the dril lplacements in the depression.
CLOSER EXAMINATION
we one will see smaller outcrops that seen some serious errosion.
What sort of ore would a massive lake with perhaps water flow cause ?
Brecciated stockwork of quartz.
I'll make that guess and say.... the treu copper gold depoist is in behind them.
Smaller ourcrops erroded and created a sediment mixture of lake sediments and erroded
quartz -
Now given the depression with amaller mounds - oval shape - is aside of thier drill placements -
and drills pointed at the larger outcrop -
The smaller mounds in deptession could be related to the larger outcrop.
BUT - the real testiment is = brecciated quartz and sediments host the - copper = gold.
Waht's the safer bet ?
In behind the current drills.
Own opinion.
i feel they're on a verge of discovery.
Been in the stock twice - no gains.
I'd jump back in if....
Sprott stopped the - roll.
I figure a more drills in Alwyn and Glade
would signify what the potential could be.
Now.. i like Sprott... he's helped out many juniors.
But... 18,750,000 shares @ $0.08 cents ( common ) donated
Plus - 18,750,000 or so warrants with a strike price of, $0.11 cents -
Warrants as everyone knows... are like freebee shares.
A risk... some are cashable while some investors with warrants experiece - warrat expiries.
Suppose the 18,750,000 common shares were a write off.
The warrant's would still be exercisable @ .11 cents.
Original 18,750,000 shares x $0.08 cents = $1.500,000
Strike price - 18,750,000 x $0.11 cents = $2,062,500
Difference - $562,500 ( in the positive )
No real loss accept for time.
While shareholders would see a potential 10:1
With a new added prez with a magnetism to another company ?
Who knows.
I feel, the drills for Glade + Alwyn were rather delayed.
The ( ongoing ) drilling acts as a buffer to junior.
At anytime they may or may not be drilling.
The roll announcenment - 10:1 -
is a devastating blow - to the loyal and strong investor base - common shareholders.
I feel - now that a significant find ( glade + alwyn ) are in play...
But 10:1 announcement came prior... is not quite right.
If the stock repaired itself - to $0.08 cents - things would be diff.
How you may ask ?
It's as simple as... having the junior do a small raise @ $0.08 cents.
Woh would want to support such a raise ?
Those who have vested interest in the junior.
Of course - the benefactor of - 1,750,000 common + 1,750,000 warrants
would benifit all the more - with a repaired - stock - back at $ 0.08 cents.
Cah the warrants out - 1,750,000 x $0.11 cents = $2,062,000
There's perhaps the next drill campaign.
An idea...
Everyone happy.
And... a goal to not exceed 300 million shares - connecting - Alwyn + Scadd + Glade.
Again.. i think the the copper gold at Alwyn is in behind the current drill placements.
Signed of small mounds in the depression give clue to - errosion ore style - which
would explain away the brecciated quartz in sediments -
For those who are interested in the - Alwyn Porcupine - historical report - https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjcwP-woLP6AhWZpIkEHSdoAPcQFnoECAwQAQ&url=http%3A%2F%2Fwww.geologyontario.mndm.gov.on.ca%2Fmndmfiles%2Fafri%2Fdata%2Fimaging%2 F41I10NE2008%2F41I10NE2008.PdF&usg=AOvVaw2B5u5YJKZV-uVw0OPG-ED5 Cheers....