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5.9¢ galena mining limited

Ann: Galena Raises $20 million and Updates Production Guidance, page-171

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Aurum82

27 Posts.

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27/04/23

14:12

Post #: 67481764
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Originally posted by plough: ↑

Yes they did put in a decline the King who did not come up to grade was found at the bottom of it .

On a more serious note it is My understanding that the resource was not brought up to measured reserve status with infill drilling as it was assumed the apron ore body was relatively homogenous ,
However there is a bright side , from a statistical perspective as there was a lack of population of drill holes makes outliers on both the left and right side of a bellcurve more likely to occur

The reduced grade that they found from infill drilling may be looked at as the left side of a bell curve for a small part of the mine , if we find higher grade from infill drilling in another part of the mine that pushes the population of drill holes to the right side of the bell curve for the whole mine which would then bring average grade back up for the whole mine.

TJ at one point commented in a video the ore body was one of the best he had seen from a mining perspective as able to do multiple headings , I wonder if he still thinks that way ?

I did sell some today , had hoped to see some directors resignations by now but the lack of that news , makes me a bit angry with the incumbent Chairman and major shareholders for not having the back bone to stand up for shareholders and demand accountability . Really not interested in the excuses of weather , poor grade , etc for the big drop in funds in kitty .

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Hahaha, Schrödinger's drill hole; if you dont drill the ore body high grades are both there and not. Seems like an interesting approach, would probably have better results in share price if they had tried that...

G1A Price at posting: 13.0¢ Sentiment: None Disclosure: Held
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