MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Primary Nickel and Copper Sulphides Confirmed at Mt Ridley, page-48

  1. 12,484 Posts.
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    Just known as a Voisey style target. They could call it a Nova target - neither here nor there, IMO. Just as people playing around in the Gawler Craton may be exploring for an Olympic Dam style target.

    Yeah - Voisey probably bigger than Nova than what I wrote, the ratio for which I meant contained metal, but looks like you might just have SIR's reserves.

    The issue here is that MRD have made a statement referencing the target type specifically against the geochem signature, which appears contrary to the data, albeit the broader geological setting would appear analogous. Market couldn't care less though. But if Ni:Cu is at 10 - 50:1, and not 2:1, speculation should be tempered down a little.
 
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