ELE 0.00% 0.5¢ elmore ltd

minimum 60p.c fe and jorc due this month, page-18

  1. 17,232 Posts.
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    Yes i think the JORC will come out early 2009 at the absolute earliest....even that would be pushing it.

    People must understand that NSL are spending up to 400,000 to gain 25%......they have now gone unconditional on this scenario.....however they are sending in a geo team to make sure the indications are that 200mt at 60% fe or more is plausable.

    From there they still have to...

    secure the property
    Ground surveys
    mining permits
    drilling campaign
    raise funds
    etc etc etc etc etc etc etc


    JORC compliant resource.....a long way off.

    Next will be the NSl geo report....cheers


 
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