MEU 4.35% 4.8¢ marmota limited

sizing up the melton target

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    Steve Olsen has previously commented that Marmota Energy does not jump headfirst into the drilling phase until they do their research and lots of it. Drilling can be expensive and therefore they take a lot longer with things and in doing so give themselves a much better chance of hitting the target at the first attempt and therefore conserving their capital.At the moment gravity testing phase 1 is still in progress to be followed up with phase 2 and then drilling in February. Everything that Marmota has done has replicated what REX has done with the same readings and almost identical diagrams. Magnetite is the common denominator in the mix as well. Marmota has left nothing to chance and have favorable odds of intersecting copper with the first drill hole.The quantity and the quality is another thing but if they can come up with some promising assay results early then come March 2010 a lot more interest will be focused on this stock and who knows we might get back to our original IPO price of 25 cents for the very first time. Don't forget that the capital raising by REX was to fast forward their project and up to 5 drills will be in operation on their projects , 3 along the same fault line as Marmota.
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