I think 22 to 23 cents seems fairly firm so I added 25% in the back and forth this morning. I found a nice statement in the 1978 report, that describes Newleyine as: 1) unique; and, 2) pipe-like.
I like the sound of "unique" & "pipe-like" - pipes act as feeders carrying sulphide-rich magma that settles out in channels at the bottom of magma chambers. We know the overall grade of the dunite is about 0.25% Ni & 0.03% Cu, but previous drilling didn't target the 3 EM plates that the current drilling program's designed to hit. Everyone in the Julimar / Jimperding belt is talking about feeder pipes - no one's found it yet.
Public holiday Monday for the ASX - so Tuesday is the next trading after 4:10pm today. And by then hopefully the drill bit's in the ground ripping out the core.
MAN Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
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