Well this is a great sign for Bombora, additional drilling has shifted a nice chunk of Inferred to Indicated. I expected that !
803,000 Oz in Indicated can be shifted on completion of the PFS to Measured and make the Maiden Reserve.
Additional drilling on closer collar spacings will soon bring the Reserve to over the 1M Ozs. With the hard yards now done on this JORC, I expect that there will be more additions to the Measured on a more frequent basis now.
In addition, what has opened my eyes, is that the closed up drilling has resulted in less Tonnes to be mined for a greater Indicated Resource ! I never expected that. This is a great sign for Bombora !
More importantly, this JORC is only the result of drilling over a limited Strike Length. How many more Kilometres to go? I would very much like to study this to see the distance over which this has been calculated, but still only to 150 MBS.
GLTAH I am happy for this consolidation, as there is now no doubt that Bombora will move into a solid PFS.
Cheers to ALL.
BRB Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
