GTE

I only held on to this stock because of its nearology to SFR Doolgunna deposit which has transformed SFR from a small cap stock to being worth over AUD$1 billion on the market.  The magnetic studies indicate a deposit bigger than SFR's but not explored yet by drilling.

In the meantime, it went to Borat's country and found copper.  It didn't actually find a new copper zone; there was already copper mining there historically and the green belt of cupric ore on the geology had always been visible.  Why no one has picked up this tenement has always got me puzzled.  It is not small.  The whole tenement is longer than 125km long.

The first lot of trenching results were superb.  Now there is a trading halt because another announcement is going to be made.  Each time a good result comes out, the share price flies and then lands again.  If Tuesday when the announcement is made regarding its exploration result, then if it is good, it will jump once more.  Nickel is down on its knee yet when SIR found a new lump of that mineral, its share price went up by 10-20X over a few weeks.

Copper is more resilient, yet GTE's discovery is treated with some disdain.  And the hype given so far would suggest long belt of copper veins, about 10-30m wide and so far I can see 2 belts.  No drilling yet, just trenching.

Because I bought a lot of shares in GTE when it was just over 1c, I have done well.  But I have also topped up at over 20c in 2007 and 2010.