MNE 5.26% 3.6¢ metallum limited

all of a sudden, page-19

  1. 110 Posts.

    This is drilling not trenching like previously at their other sites so the intercepts are llikely to be narrower as they are testing depth not length

    If its a scarn deposit then you are looking at the alteration of the host rock (due to high heat) which becomes diluted with mineralisation compared to the other potential deposits tested in the area which were epithermal in nature ie the mineralisation so by nature was deposited at low heat (under 300 degrees C hot springs ) which means the host rock is unaltered and not diluted resulting in higher grades of mineralisation that solidified in the rock cracks.

    The company has plenty of money for drilling and with shallow hits it looks to be a bulk tonnage surface mine instead of narrow vein, with the project situtated in the Philippines the cost of production is very very low, just look at medusa

    Just be patient holders and see how the year pans out, it's either now or never for this company to get back on track, don't forget the copper and silver credits either
 
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Currently unlisted public company.

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