MXR 3.23% 3.0¢ maximus resources limited

47 cents by weeks end, page-17

  1. 10,103 Posts.
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    They are working on a few JORCs.... It is just a matter of which one comes first.... any of them will earn a re-rating..... I'm happy to wait.

    As far as BIH... if you look some of the finer details, you will see 250,000oz not to far off.

    Current JORC is 162,000oz. Resources is open at depth, and only tested to 375m deep (100m to 375m). Testing to 500m should raise the resource another 40% or so (ie. 226,000oz).

    Also, follow up holes will replace the poor recovery holes... And the grade changes are substancial.

    They are also testing extending the width which could increase the resource.

    Finally, they have just worked out that the high grade shoot (240gt over 0.4m) goes the whole length of the find (over 200m)...

    Put all this together and 250,000oz is a shoe in, and would be expecting them to crack 300,000oz after the latest round of drilling.... and also be open to depth (and most likely getting wider)
 
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