MRQ 25.0% 0.3¢ mrg metals limited

Ann: MRG HMS - Nhacutse Bungane Aircore Drilling Results, page-4

  1. 2ic
    5,755 Posts.
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    "Recent buying was predicting good results".... that's one way to describe it lol. The market noticed imo, but judging by the market's reaction everyone was 'predicting' some good visuals. Having all bought the rumour the market needs someone outside the tent to sell the fact...

    Those visuals look a bit on the high side don;t you think? A little confirmation bias from the geo desperate for some better results maybe... an easy enough trap to fall into under the circumstances. AC hole 543 today has est visuals of 8.4% THM from 0-12m (same grade for 0-9m), collared right on top of old auger hole 048 which reported 6.4% THM from 0-10.5m from the lab. That's a 30% visual over-call against lab assays in the same spot, my money is on the lab assays for hole 543 coming in well below the visuals. In fact that goes for the down hole average also after looking at the pan photos...

    https://hotcopper.com.au/data/attachments/2490/2490283-e17d5f1d07c294da220d294e9780d112.jpg







 
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