DYL 1.34% $1.51 deep yellow limited

unofficial jorc estimate, page-10

  1. 1,002 Posts.
    They discovered inca about 10 months ago and the paleochannel sands earlier. I reckon they've spent $1.5 mill per month. The soft sand material is easy but the hard rock at inca has a number of water filled voids that have made drilling conditions quite difficult and arduous. I suspect they will announce their indicated resource in the new year. But be careful, because the resource will be indicated and not inferred category. However, while the drilling will reflect a small area relative to the possible strike it will be in a category much closer to reserve and therefore more accurate ie more bankable.
    It's interesting that where some explorers chose to drill wide spacing to get a rough feel for the actual size of a project but then spend years infilling to prove it viable .....other explorers go down the route of getting a minimum required resource for a BFS and then developing from there
 
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