MAN mandrake resources limited

Ann: Drilling at Newleyine Commenced, page-78

  1. 6,778 Posts.
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    Temporary paper loss on 20c per share to correct you.
    Nothing's changed the CR appeared a bit earlier than some expected but it was coming.
    Explorers go through their phases every step derisking .
    Find a potential economic resource, rock chips , soil samples. Drill it, examine the cores visually and have them assayed. Define it,what have we got down there. Keep drilling to see how far it extends.
    Measure it, how big is the resource JORC. Do the economics on mining it.
    Then build the mine and dig the resource up at a profit.
    Probably many other steps but MAN is in the early stages of finding what many believe is a company making resource.
    They are still a minnow so the low rent tree shaking will be commonplace and one better get used to it.
    Personally i eat fear for breakfast.

 
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