Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

First 26 Last

Share
Profile

Follow
sharebroker1

10,682 Posts.

672

27/07/24

23:34

Post #: 74947037
Share

Originally posted by the technician: ↑

Look your a good bloke and I've read your post many times and I've tried to give you the benefit of the doubt but your understanding of building a brine JoRc here is poor sorry .......

A) the composition of the drill hole has no real bearing on the JoRc 50cm away is meaningless .

B) Leap frog modelling down well perforated in to each horizon accurately plots the horizon void JA would know this and if he's choosing not to reenter he things he already has this modelling this is why he can publish a JoRc estimate of the sizes he has .

C) ASX does not believe that this modelling abides by the JoRc conventions if they did they would have allowed ASN to have a sizeable JoRc 6 years ago .

D) JoRc code allows kms and AOI

E) I'm not sure how you think establishing a resource is not critical?

F) the breakdown of the brine is important for a resource and for plant economics FYI Mandrake have none and have sample NO brine as of yet and don't have an accurate brine measurement that is economical enough to establish a JoRc resource worth publishing.

G) I find it interesting that the tech companies are interested ( at their cost mind you ) in pursuing this with out actually sampling the aquifer brine ? I feel there is an assumption made here by both MAN and them that because the Paradox Basin is known to be interconnected that what has occurred at ASN will also occur at MAN but this would be an incorrect assumption as although ASN has 2 projects the brine TDS from one to the other different dramatically.

H) Your next point doesn't define Measured Indicated and Inferred resources so 0.5M dispersed into 50 years is incorrect .

I) Drilling is necessary now the punters here and JA himself have stated they need that JoRc and the SP won't move with out it .

J) production wells for MAN I'm sorry to say is a decade away if it ever gets up and I think JA knows this also .

K) I repeat the SP will go no where with out that JoRc some here thought that an estimate would do the same maybe a few years ago but not in this depressed macro economy , there's even the possibility that even a legitimate JoRc might not move the SP either .

I'm not great on forecasts others here like them far more than me I'll leave it up to them .

So to conclude - NO drilling NO JoRc - NO JoRc NO MC gain - it's as simple as that .

GLTAH TT

Expand

Haha hmmm .

MAN are compiling all historical data and drill cores and are on track to bring a resource JORC as they have stated this coming month.

My friend, why on earth would MAN want to do drilling now when the Lithium market is on its arse.
Conserve money, announce a JORC resource on all data and historical drill cores, and continue in Aus with gold copper platinum. that is the strategic plan unlike ASN, who are burning $9m per quarter on a horrid Lithium market and on a project that is currently under an environmental halt huh????

Good luck with that, in this market that is high risk by ASN and could easily end in tears imo

MAN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

GMD

Genesis set for higher gold production in FY25 and earlier mill start

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

ASX

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

There are more pages in this discussion • 57 more messages in this thread...

First 26 Last

Add MAN (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $16.03M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$627	24.1K

Buyers (Bids)

No.	Vol.	Price($)
2	73223	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	261111	2

View Market Depth

No.	Vol.	Price($)
2	73223	0.026
10	2627950	0.025
2	1121608	0.023
5	295000	0.020
1	50000	0.018

Price($)	Vol.	No.
0.027	261111	2
0.028	75000	1
0.029	120000	1
0.030	320749	4
0.031	350000	2

Last trade - 14.25pm 02/09/2024 (20 minute delay)

MAN (ASX) Chart

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

Genesis set for higher gold production in FY25 and earlier mill start

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

Top Stories

Genesis set for higher gold production in FY25 and earlier mill start

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News