SOC

0.00%

11.0¢ soco corporation ltd

Ann: Appendix 3Y-SOC.AX, page-15

First 15 Last

Share
Profile

Follow
Humbuggy

595 Posts.

3

08/07/16

21:45

Post #: 18229552
Share

Originally posted by Dazedandconfused ↑

Hi croser

If I might answer your question..

Mt Adrah is only at the exploration stage... so there is no mine to restart atm. In a conversation I had with Michael Leu [chief geologist] about 2 years ago, SOC had done some desktop studies on open pitting the Hobbs Pipe. The average grade for the pipe is 1.1g/t and the ore is refractory but the pipe is not homogeneous in that there are higher grade zones and lower grade zones. Selectively mining the higher grades in an open pit is just economic at $1800AUD ... so that means Hobbs Pipe, as a stand alone, will not be mined unless the PoG rises significantly more than it already has.

Going all the way back to 28 October 2013, SOC reported 10ms @ 17.7g/t Au at a depth of 500ms..... which is very nice but of no use to anyone unless that carries to the near surface. There are multiple examples of outcropping reefs but so far no drilling has been done to explore if the intercepts at depth are related to the surface outcropping .... hence the extreme frustration of the long term holders of SOC. If somebody, anybody, cares to get their hands dirty we might one day find out.

If the gold at depth also carries to the surface Mt Adrah is commercial.

Expand

Hopefully Cadre will bring some closure.

SOC Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Is oil undervalued?

WGX

Westgold sets its sights on top five producer status through merger with Karora

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

GRX

GreenX picks up prospective copper project in Germany

There are more pages in this discussion • 11 more messages in this thread...

First 15 Last

Add SOC (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $15.22M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	96817	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	12545	1

View Market Depth

No.	Vol.	Price($)
1	96817	0.110
4	110030	0.100
2	155154	0.097
1	21052	0.095
2	259999	0.090

Price($)	Vol.	No.
0.140	12545	1
0.145	25000	1
0.150	100000	1
0.170	59840	1
0.000	0	0

Last trade - 16.12pm 02/08/2024 (20 minute delay)

SOC (ASX) Chart

Day chart unavailable

Ann: Appendix 3Y-SOC.AX, page-15

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Appendix 3Y-SOC.AX, page-15

Top Stories

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News