Ann: Strong results enhance high-grade lode system, page-23

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Just4kicks

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15/03/21

13:13

Post #: 51772531
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Originally posted by jman0076: ↑

The Resource isn't going to double in April, and if it did I wouldn't be placing much confidence in the quality of it.

If the grade stays roughly the same at Bombora, to double the ounces to 2 million you need to find twice the amount of tonnes from somewhere new. So either the strike of it has doubled to 4km (??) or they have doubled the depth of the entire Resource. Neither of these things has happened, because they simply haven't done the drilling yet.

By the looks of the long-section only about 30% below the current Bombora Resource has been drilled to 80x80m, which is enough to report as an Inferred Resource. The other 70% is much more sparsely drilled, and should not be included in a Resource statement until it receives additional drilling.

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Good to have a reality check from someone with real life experience as I was starting to dream big as well. Is BRB's current drilling progress meeting your expectations in regard to number of holes drilled and positioning of holes? cheers j4k

BRB Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Ann: Strong results enhance high-grade lode system, page-23

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