re: reality shall be good Ladies and Gents, how can DD be a dud?
There are historical drill reports that are shortly to be "re-released" so to speak. The current drilling program is simply going through the motions that the market requires.
For some reason, the market cannot fully appreciate historical drill data untill it is re-drilled, re-assesed and re-posted.
Anyone who can explain this to me will help out every other HC crawler/poster as well. There is no scientific reason for this suspicion if the previous drill results were conducted to appropriate recognised standards.
The historical drill data was compiled by large companies using the most advanced technology available at the time. Granted today's technology may be slightly better... but that is not to say that the previous technology was inaccurate/incorrect!
The fact that AEX have modified the single original drill program into two programs strongly suggest that the first program is designed to "re-release" the original drill results in order to inspire/confirm the markets confidence in it's 11,000t JORC compliant resource.
The second drill program will be designed to work off the back of the markets new found confidence in all the historical drill data, and most likely test newly identified (by CCIC) prospective zones for a resource extension/upgrade.
By the time these drilling program's are completed, the assay's released, and a re-calculated JORC resource is released to market... well, all the superlatives have already been given on this thread. Let's just say that the smart money will already be in.
Concerning time frames for all this... well that has also been bandied around on this thread ad-nausea. I always prepare for the longest term possibility... that way you are not constantly twitching with anticipation.
I too hold.
MisterMoon
- Forums
- ASX - By Stock
- AEX
- reality
reality, page-6
-
-
- There are more pages in this discussion • 6 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 AEX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online