There are different grades of JORC, as I understand it (feel free to correct me; I could very easily be wrong.)
There are inferred estimates; indicated estimates; and measured estimates.
These are progressively worth more: inferred is based on relatively sparse data; indicated is based upon more detailed drilling; and measured estimates are as good as it gets short of digging the stuff up and selling it.
So if the JORC consultants "need more holes", they'll just drop the estimate back to the lower level.
Based upon the drilling map, though, I suspect that we'll have a measured estimate in the centre of the southern zone (where the drilling is densest), and possibly indicated and/or inferred estimates for areas where Peak have done a lot of drilling, but not quite so densely.
Peak will probably be looking to do infill drilling to upgrade the indicated and inferred estimates to measured, once the first estimates are in.
- Forums
- ASX - By Stock
- PEK
- jorc trading halt bring it on
jorc trading halt bring it on, page-71
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add PEK (ASX) to my watchlist
(20min delay)
|
|||||
Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.61M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.5¢ | $76.13K | 350.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 24242 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 38557 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 24242 | 0.210 |
1 | 39024 | 0.205 |
2 | 35000 | 0.200 |
1 | 2000 | 0.195 |
3 | 185517 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 38557 | 1 |
0.225 | 24158 | 1 |
0.230 | 71440 | 4 |
0.235 | 179596 | 2 |
0.240 | 107914 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
PEK (ASX) Chart |