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Last edited a month ago
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#Bear Case
Last edited a month ago

~3mths into a drill program with near zero commentary on progress or assays. Was 4-6wks from when drilling started and its now week 12.

Qtr report mentioned nothing at all (fault on my part, clearly should've sold) and if the visuals were good they'd have said something along the way.

Then at RIU a month ago, the MD said they had some weather delays to drilling that pushed them back a couple of weeks and noted lab turnarounds stretching (only legit thing). Largely unvarifiable reason and never stipulated in writing to investors as well when they easily could of. So from RIU week, 2-3wks and now its 4wks later with nothing.

As such, the drilling at Jura is mostly likely a dud. Punching out of this.

(Will albo share 47% of my losses too?)

#Exploration
Added 4 months ago

SMM reported that the rig is onsite as Jura. The plan will give this prospect a proper go (see drill traces below) so investors will find out if it has legs or not.

b74e9fe188eb8fd034fac7f7a190dc300cc48c.png

#Exploration
Added 5 months ago

For those playing at home, I am having another crack at SMM. Drilling season is nearing with the company planning to test strike, depth and parallel structures that came up in the IP geophys late last year. This program is going to be high impact and show in the Jura prospect has what it takes to be commercial. The co raised late last year so its funded to execute. Chart is looking supportive to to has FA and TA tailwinds.

0224b5c8b2027f3502bf596b35220b5e0577cb.png