re: Ann: SUBSTANTIAL UPGRADE TO PANDA HILL RE...
50% increase in the overall Niobium resource!!!!! now that is a re valuation..
with 11MT at 0.80% which i can see for a 2MT throughput p.a mine the pattersons model can be upgraded from 0.74 to 0.80% grade.
A yes snakepitt they havent even gone outside of the historical boundaries to increase this size so there is lots of potential with further drilling programmes to increase on this JORC. But thats just icing to an already sweetened cake..
THese guys so far are delivering a resource of world class standard , hard to say what the market will do from what i have seen in trading the markets there tends to be more love affair with the potential growth maybe profitable one day mobile tech sector than the junior resource sector, but all that cyclically can turn..
Certainly though it increases my confidence in the value of this company..
time will tell....
CXX Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
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