RAG 5.26% 1.8¢ ragnar metals limited

Ann: Downhole IP Modelling Defines Large Anomalies at Tullsta, page-6

  1. 8,383 Posts.
    lightbulb Created with Sketch. 2752
    I'm going to spit ball and say half the intrusive body is mineralised (which looks to be the case from current assays) so without further down dip IP we're likely looking at a 40mt orebody. All prior drilling until the most recent stonker (146m @ 0.8% NiEq) looks to be in entirely the wrong direction and away from the foot wall (FW) where you'd expect to see the best accumulation of sulphides, drill in that direction and we will likely see more stonking hits up dip (closer to surface).

    Are we looking at 40mt @ 0.8% NiEq for 320,000kt of nickel contained? I believe likely and base case.

    Sub $20m MC when I look at ASO in comparison at $150m is just laughable!


    https://hotcopper.com.au/data/attachments/4349/4349781-8097b1eeb689cc6e56fd5470e0964c53.jpg
 
watchlist Created with Sketch. Add RAG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.