NME 2.44% 4.0¢ nex metals exploration limited

Ann: Commencement of Mining , page-15

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  1. 5,413 Posts.
    lightbulb Created with Sketch. 1209
    Agree with you Spiro that there has been limited detail provided and the information flow sometimes has been lacking. However to allay some of your fears refer to post # 7425834 from F3000SL (a geo who once worked on site) regarding the butterfly pit;

    “Dodo, seriously? 2.5 grams per tonne is marginal? I don't think so. Butterfly is moderately dipping, wide ore zones, underexplored on a brownfields scale with the pre- strip of high grade already completed.
    The ore is also free milling - i should know, ive seen it. At a conservative gold price of 1200, I'd still be reticent to call a pit like that "marginal". Even with trucking, with the discount offered from pre-strip there's money to be made there. Hardly marginal”.
 
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