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FM3 firstmac mortgage funding trust no. 4 series 1-2020

Ann: General Security Agreement, page-575

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GuardianAngel8

390 Posts.

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24/03/21

17:28

Post #: 52012035
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Originally posted by Corgi: ↑

Who knows, they won't always get assayed & released in chronological order. Some cores are nearly double the length of others for example Hole 92 @ 407.4m & Hole 95 @ 226.3m. Hole 95 would have finished drilling first, then the team on the field would split and box the cores before delivery to lab.

There is alot of work happening on the fields which is why we have such a large team. DD drilling is very different and more time consuming than RC drilling plus RC drilling the samples just get bagged and labeled. Lot more labour is required.

Early on when i first invested, I questioned why we were exclusively undertaking DD drills inlieu of RC drilling. We would have been able to drill plenty more meters & alot faster, though the robustness of the resource model would now have been as strong. The thought crossed my mind that we may have had a buyer lined up and needed the resource to be extremely robust to support the sale. Second thought was that these guys were really serious about accelerating this into production and the robust resource model would be highly supportive in the BFS. It isn't normal for an exploration company to exclusively utilize all DD drills in their campaign. It was just speculation at the time and there was no point looking any further into this. I just thought the guys are the experts, they know what they are doing and are doing it for a reason.

Fast forward a year and with what has transpired today, only further strengthens theory that there is a buyer lined up.

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I just assumed all DD because Zeff is a geologist nerd? I expect geologists scoff at other drill techniques

FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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Ann: General Security Agreement, page-575

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

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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

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

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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

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

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

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

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Ann: General Security Agreement, page-575

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

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