MDI 6.67% 1.4¢ middle island resources limited

Ann: Change in substantial holding, page-7

  1. 2,381 Posts.
    lightbulb Created with Sketch. 1799
    Hi Mate,

    Each of the satellite deposits will vary between between head grades and the host lithology within each are different.

    The average head grade currently is skewed by the grades of the TMH Tonalite Deeps, as it hasn't factored in any of the resources for all the new deposits, however, if you were vested you'd be aware for the following:

    https://hotcopper.com.au/data/attachments/2440/2440469-e743dda979814b00aa42cc55d14cfbdf.jpg

    Regardless, grades of 1.1-1.5 g/t au are pretty standard for open pittable deposits and high economical if the strip ratio is low, say 3:1 and recoveries are high.

    Which based on preliminary mets, is looking good, note that we are currently completing met testing for each of the satelitte deposits,

    https://hotcopper.com.au/data/attachments/2440/2440490-2de199974a283da695afdce791707061.jpg


    But yes, you theoretically are correct, we don't know yet, won't know until it is all but confirmed in the Full Feasibility.

    So either you will look like a dumbass or the Entire MDI management team will.
    Last edited by Corgi: 03/09/20
 
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