Kidman Resources (KDR) - Cobar Copper

[trackers]

Worth a look. $13mil market cap and nearing the end of phase 2 of drilling programme. Phase 1 bought results such as

27m @6.08% Cu from 24m at Blind Calf NSW prospect

Deposit is open in all directions and if it follows other cobar style deposits there should be some very high grade lenses with near-vertical plunges. If the current programme does manage to chase some of these lenses deeper could be a very nice re-rate

Chart is looking good

http://iforce.co.nz/i/isszptxn.13w.jpg

disc: holding KDRO (Nov2013 @ 20c)

[trackers]

3 follow up drills so far have been pretty average, but worth keeping an eye out on this one... Couple big volume days (relatively) and now a TH pending acquisition of new 'mineral properties'

[trackers]

Kidman acquires "Home of Bullion" project. Investor Presentation: http://www.stocknessmonster.com/news-item?S=KDR&E=ASX&N=372478

Check out page 7.

Previous owner's blurb on the project:

"Home of Bullion Mine is 50% owned by Goldstake. The mine has produced 2,500 tons of 22.5% copper. A report by ASARCO (US) and EZ INDUSTRIES (pre NI 43-101) estimates a resource of 126,000 tons of 15% copper from surface to a depth of 210 ft.

An estimated 7000 tons of 10% grade copper is stockpiled at surface.
Goldstake and its joint ventures partners plan to diamond drill 9 Holes (900 metres total) to confirm these historical reserves and then commence open-pit mining for recovery of the copper, silver, lead and zinc in this deposit, concurrently carrying out drilling to extend the reserves on this “Main” reef, and developing further resources on a cluster of reefs exposed on the surface in close proximity to the “Main” reef. "

http://www.goldstake.com/homeofbullion.htm

Its even mentioned in an NT government doc on undeveloped mines:

http://www.nt.gov.au/d/orestruck/Content/File/Investment_Alert/2011/July/BFDCopper.pdf

[trackers]

In accordance with Listing Rules 17.1 the Company requests an immediate trading halt on its
securities (KDR and KDRO) pending the release of an announcement to the market in relation to the
results received from the recent drilling program at the Home of Bullion Project.


Been waiting for this one to come good...here's hoping for something decent...I'd be surprised if it was only visible mineralisation

[trackers]

Up 90%, cool

[soulman]

Happy days eh Tracks......How can I get some luck on my side. Seems like PEX and KDR moving on good drilling result.

[trackers]

Yep really nice drill result, not a bad wee bit of land they've got there

[tosspot]

I cant believe im still holding on to this dog of a stock, ive been burned 55% now. Any else in the same boat. I wonder if it can go any lower or there will be a bump.

[tosspot]

Looks to finally be a bit of relief after buying at 47 I think I'll sell out if this announcement takes it above 30c today anyone else have thoughts on it