Everything I post is backed up by public information, find one thing that isn't and I'll retract it.
Now to your attempt.
If you spent 5 minutes researching instead of posting these questions to me in what attempts to get a rise you would have answered your own queries and noticed :-
- SOC released a conceptual exploration target many months ago stating a 30-40Mozs target (not me as you imply). In there it clearly states how they came to this target, their parameters (grade & tonnage) etc. To date, they have continued to hit the high range of each parameter or exceed even their initial high estimates. So yes I am justified in saying that whilst they keep nailing the model that gave them this conceptual target, who are you or I to doubt they will achieve it
- I am well aware of the JORC code and have never implied they are close to JORC'ing those numbers. I am talking the sheer size of their conceptual exploration target compared to that of most peers and that fact that the model used to develop such a 'pie in the sky' target keeps getting validated. Again, until they miss a target, who are you to say they won't achieve it
- GHD009 intercepted Castor at depth given they drilled from the top of Hobbs Pipe 1 - i.e that was the shallowest mineralisation was likely to be encountered given the location of the target, the angle of the drill and the distance from the 'pipe'. This is their first hole based on 3DIP results and they have still encountered high grade on first pass, at depth, from several hundred m's away - credit where credit is due perhaps ? If mineralisation carries to surface, then depths of 500m will be mined given the 200m open cut and 500m block cave lift. Again, who are you to say mineralisation won't carry from surface to 500m just as it has on Hobbs Pipe 1 ?
I have never said a JORC of 30-40Mozs, I am saying that their own (not mine) internal model which generated this target continuously is being validated and exceeded, so I am not about to doubt them.
They have done more in there first 6 holes than NCM did at Cadia as it took them 7 to find it and it out cropped, again how about credit where credit is due.
Again, I'm not her for 2-3Mozs. I'm here because there is such a pie in the conceptual exploration target sky figure (not a JORC) and their drilling to date leads me to believe they may just achieve it
So 10, if you chose to read what I write out of context and in turn retort with unsupported comments be my guest, but I will correct you.
SOC Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
