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EPM management - the right mix ?, page-95

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Chopsthecat

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29/08/21

18:45

Post #: 55662599
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Originally posted by DDBB: ↑

I am astounded that these results are so misinterpreted, but there you go, dealing with wanna be geologists. Go back and look at the latest release.

They have defined the cryolite and quartz result pretty as much as they need to. They have 3d models of the resource based on these results (this is already on the public record). So that takes care of the 19k cores. They haven't found cryolite at depth, it is near the surface at the bottom of the pit and not much in volume. The plug of quartz is a massive intrusion and great quality so that is a good asset just depends on the market.

Waste reserves have not been sampled and are a "hope" for some economic resources.

The grab samples in the outer ML (again on the public record) show promise but are that - just rocks on the ground. The 750 of diamond cores will be interesting but 750 m is chicken s**t. They will need to do many many hundreds of metres and go to depth to be able to define a resource. Won't be done this season so have to wait till next year. Yes the 750 m cores will be interesting and will help the SP but not definitive.

Europium has "been reported" in the geology but they have nothing on that. Don't count your chickens ...

The carbonate resource is interesting but of probably of low economic value. Can't sell it in the local market for other mines when they are not there.

If the 750m cores show some REE it will be a great result, they seem to have been taken at interesting locations but may not be definitive. It'll pump the SP again.

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DDBB So that takes care of the 19k cores...

The release say only around 8000k...

EPM Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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EPM management - the right mix ?, page-95

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EPM management - the right mix ?, page-95

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