The picture above is my ARMCHAIR understanding of the gold in the adjacent Mt Boppy regions given the data from Manuka Resources and some guess work on my part. Through mining Mt Boppy South they will have a very good understanding of the western direction of that rich channel that likely exists and can just follow it without much drilling needed. Also possible for an eastern channel though likely not as lucrative.
The same hotspot they found in their current mining likely exists in multiple spots from Mt Boppy South to the current location, only question is how feasible it is to find and mine them, it probably isn't profitable right now but more drilling would help them determine that.
So it is 80-90% likely they are going to mine Mt Boppy Sth in my opinion. They probably expect it to provide at least 30-50% more gold than JORC indicates due to the hotspots they have been finding in the region and could be a lot more if you look at that rich channel that likely exists.
- Forums
- ASX - By Stock
- MKR
- Ann: MKR - September Operations Update
Ann: MKR - September Operations Update, page-17
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MKR (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
-0.003(5.26%) |
Mkt cap ! $42.10M |
Open | High | Low | Value | Volume |
5.7¢ | 5.8¢ | 5.4¢ | $30.57K | 547.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99056 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 1243171 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99056 | 0.054 |
1 | 93918 | 0.053 |
1 | 20000 | 0.052 |
1 | 20000 | 0.050 |
1 | 12000 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 1243171 | 1 |
0.059 | 383708 | 3 |
0.060 | 779035 | 4 |
0.061 | 199999 | 1 |
0.063 | 200000 | 1 |
Last trade - 15.58pm 16/10/2024 (20 minute delay) ? |
Featured News
MKR (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online