LIN 6.90% 9.3¢ lindian resources limited

Ann: Maiden Mineral Resource Estimate 261MT at 2.19% TREO average, page-29

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  1. 2ic
    5,923 Posts.
    lightbulb Created with Sketch. 4975
    Why are shares dropping?

    Lot of traders and CR clients waiting for this news to sell into, was obvious 'good news pump'
    Down day on market
    Disappointing grade (2.19% vs 2.5% vs Deep hole avg 2.7%) on expected tonnes
    Hard to get a read on high-grade subset distribution, MRE section scale is a joke (0-0.5%, 0.5-1%, 1-1.5%, 1.5-2%, 2-5%, >5%)
    Obfuscates the detail of what tonnes where is around the obvious small >5% starter pit (why would they do that, def deliberate)

    https://hotcopper.com.au/data/attachments/5477/5477249-d6ab7ea6819551eca5545cc9ce6fbc2e.jpg
 
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