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Ann: Greater Fosterville Exploration Update, page-19

  1. 33,504 Posts.
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    I am not a geo so how would I make a 'global discovery ' an irrelevant question by you.

    As to drilling if they now focus around the shallow mineralisation intercepted by hole SFVD0003 then they can prove up a small resource at low cost to reserve status , maybe monetise it (who knows there could be a mill near by) because the drilling is obviously cheaper being shallow , ore found will have also have a low strip ratio .

    Instead previously they drilled hero holes costing a fortune for guessing 400 meters in depth looking for another Nova analogue style discovery in tonnage on what are anticlines and synclines inherently lower in tonnage , so unlikely to give similar high $ results no matter the type of mineralisation .

    Yes I do have a scathing contempt for geos , who think they know everything with inflated egos based on previous track records , there are a number out there who gloat about their previous discoveries but have only proved up failures since , lets hope these guys are successful for shareholders in increasing the share price , I get no satisfaction out of seeing shareholders especially retail ones loosing money .
    Last edited by plough: 21/05/24
 
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