Jason,
Surely we need a comprehensive resource update before a scoping study could be worked on. Wouldn't that be the only way to know what it is that is mineable? With the new roll-over discovery on Babel, I'd expect it needs to be fully defined before a scoping study would start, because only then can they work out the dollar returns. If anything, I'd expect the scoping study to be put back a bit while they do more drilling to determine the resource.
I would have thought that a roll over MS discovery, along potentially 2km, was important and valuable, yet seems totally under-rated by the market, especially as it's shallow!! At 20-50m wide and deep over 2km distance, it could add substantially to the overall project, especially the start up years, which would have a massive effect on NPV.
I'd also really like to hear how some of the work on the mets is going, even the old stuff from BHP/WMC days.
- Forums
- ASX - By Stock
- CZI
- Ann: Babel Drilling Produces Its Best Result
Ann: Babel Drilling Produces Its Best Result, page-41
-
- There are more pages in this discussion • 40 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
Add CZI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online