Hello. Sure it could. That is why we wait for the drill results. I guess there could be variations in the HM assemblage.
At this moment, MEU is supporting the hypothesis of PTR; which is the weathered/leached HM has flowed down from the rockier parts of the area into a "basin" which is PTR's primary target.
That the MEU iron content appears much higher than the initial PTR iron content supports the PTR hypothesis.
We will know when the drill results are announced, including the more westward drilling results on the NYM/PTR JV area.
I hold both NYM & PTR shares.
The PTR target is a combination of 100% PTR owned ground and 70%/30% PTR/NYM owned ground.
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