Hard to say, but my gut feeling tells me that the historical grades have been underestimated based on what has been reported so far.
I would not expect the JORC to change substantially for the shallow bit, but we might get a nice bump up from the current 0.42% to maybe 0.5%.
Again, these are very low grades for a VMS deposit, which typically average between 2 and 5%.
So the writing is on the wall. We hit bornite at the bottom of the hole and potassic alteration which screams porphyry system.
What we have currently at Cockie Creek is likely the wallrock mineralisation of a deeper porphyry. Profitable to mine due to its depth, but just the icing on top of something much bigger and juicier.
And then we have Bottletree, huge and where the core is closer from being found.
So it's not about what has been discovered so far, but about what's about to be discovered soon
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $33.08K | 4.726M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 699999 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 10274386 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 699999 | 0.007 |
12 | 5672341 | 0.006 |
12 | 6023158 | 0.005 |
5 | 1389475 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 10274386 | 11 |
0.009 | 3556549 | 5 |
0.010 | 1500000 | 2 |
0.011 | 250000 | 1 |
0.012 | 2071428 | 1 |
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