MAN 0.00% 2.6¢ mandrake resources limited

MAN JORC Resource due in coming weeks -$16m MC to possible $100m MC plus, page-34

  1. 10,833 Posts.
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    What data exactly?

    You yourself admitted to not knowing what they do with drill cores.

    ASN had historical oil drilling data as well, but a company cannot define a lithium resource by testing brine mixed with oil from a producing oil well.
    A company has to re-enter old decommissioned wells, perforate and cap specific clastic zones to test for flow and ppm.

    MAN even writes in the announcements they have not performed sufficient testing.

    I foresee MAN trying to release a 100% inferred resource then try and sell the project.
    Unfortunately those buying aren’t interested in undefined resources.
 
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