Ann: Three Ways Drilling Update, page-23

i hadnt looked at that one in quite a while.

what i particularly like atm is that im getting the distinct impression that the broad market is totally overlooking lead's future value

which is making me wonder whether there is going to be a thermal coal style boom in that metal

one of the things I really like about lead/silver mineralisation of this type is the metallurgy tends to be great - get very high recoveries of both

but what I really like is if you get a winning combination of a fotm metal exposure and then one that goes from being assigned almost no value to being worth an asset price on its own

RDM @ 12.5c sp = Maronan's project's silver value is only 26c EV per silver ounce. For 100+Moz of silver @106g/t

vs IVR at $1.55 EV/ silver ounce for only 53Moz silver @ 88g/t

but on top of that there's the copper/gold + 2million tonnes of lead in Maronan

its a rocket ship valuation wise - just needs the metal prices to play nice