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Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-233

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AlwaysFlexin

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06/10/20

15:48

Post #: 47887199
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Originally posted by straw_woods: ↑

Looking forward to more drilling to confirm. From the block model it shows clearly the inferences made in Block A, especially around SE11-001 (462m), this clearly needs more granularity from additional drilling. Block B extension to south is probably where more tonnes are most likely. C,D, Cathedral etc is more again (potential), so certainly not disappointed in any way, but I do think reason for not moving stronger on 2.5m announcement, and then this one, relates to confidence one can have from the limited drilling.

This report extends the detail, even more important than the additional oz. This report is adding confidence. The doubts about economics will fade as that confidence grows. Won't be surprised to see re-rating over next month as big investors start to get on board with the risk profile change as a result of this additional work, and again in December. Investment governance committees don't make knee jerk investment decisions, they write reports, submit to committees and make funds allocation decisions.

While I hold all of those roles and can make a knee jerk/super fast decision with my own money (not that I do), this is not a decision making process I can make with others money without due process. Pain in the arse as governance is, Investors are not day traders, and good governance does make for good long term decision making and thus money making. I am in this for the long term and I look forward to welcoming more long term investors over the coming months.

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Brilliant perspective! I agree, sometime in the next month or so there should be another rerate.

NVA Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-233

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-233

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

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