re: grades/tonnage/prices/demand/supply/profit Strike one-picking commodity prices to lift? Wow, was that so blindingly obvious.
Strike two-doing some geophysics. Well, well, well, that would be unconventional for a base metal explorer would it not? And the magnetices shows the structure continues ? Hey ,how about that! But what about mineralisation. (And I wonder what geophysics RIO did over the block beforehand-they aren't too shabby in this science and have been doing it for a few decades).
Only problem is that the subsequent drilling found 2/5 5/8 ths outside of RIOs historic holes!
Strike three-well besides most of Australia currently pegged because we have what is called a mining boom underway, I don't particularly get warm and fuzzy when I am supposedly sitting on copper/zinc/gold/silver mineralisation when buggerlugs up the road is looking for nickel. Does not quit fit-copper nickel, yep, but zinc? There goes the VMS theory, SEDEX theory, intrusive theory,what sort of a mess have we finished up with ? How has that enhanced my ground position?
Strike three and your out by the way.
Cheers,TAS
Add to My Watchlist
What is My Watchlist?