@salpetie
Good post, as usual mate.
I too am surprised by the density figures. This is why I suspect the estimator wants more density data prior to classifying anything as indicated. I think its legit, but perhaps its just a little too uncomfortable without a little more data to prove first?
I used 2.5 in my estimate at 13mt. I just like to be conservative with density as it has such a massive impact on tonnage. Way too easy to over-estimate tonnage at this stage with a generous density value. A while back I quickly skimmed through HAS announcements to see what densities they were measuring, and they had wildly varying densities. Some very low around 2 and some very high up to 3.5ish. iirc. This is not surprising in rocks with high carbonate content, as weathering can create a lot of voids and cavities, greatly reducing the density (but this can potentially result in higher grades...)
I agree with you. Tranche 2 is a near certainty for 2023 (in fact I think they will get it from Yin alone with just a bit more drilling to the north), and I agree tranche 3 is probably more likely than not as well - depending on how the carbonates look and if they will get an estimate out for them.
- Forums
- ASX - By Stock
- DRE
- Ann: Initial High-Grade, Independent Resource Over 3kms at Yin
Ann: Initial High-Grade, Independent Resource Over 3kms at Yin, page-64
-
- There are more pages in this discussion • 107 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 DRE (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.31M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $74.15K | 3.124M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1344387 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 294997 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1344387 | 0.023 |
13 | 2550794 | 0.022 |
6 | 1760236 | 0.021 |
12 | 7141995 | 0.020 |
9 | 6170629 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 294997 | 2 |
0.025 | 533696 | 3 |
0.026 | 1356347 | 5 |
0.027 | 1772467 | 4 |
0.028 | 1801375 | 5 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |