the way figure 1 looks, I hope there is some ore left after all that drilling! must be why the market has marked us down, lol
the extent of drilling there could lead us to an upgraded total tonnage, but a significant jump in JORC definition. I am not an expert but having a look through the doyen of all information "google", 25 x 25m spacings would be good enough for "measured" and 50 x 50 (some say 25) would be "indicated"
It seems from the figure 1 info that our drill spacings are very tight, but probably not quite 25x25. Looks as though the comment in the quarterly of moving most of the resource to indicated from inferred shoudl not be a problem though (assuming mineralisation continues).
Could some even move up to measured? A measured resource with beneficiation results would have to make the market take notice you would think
BRM Price at posting:
61.5¢ Sentiment: LT Buy Disclosure: Held