RHK 1.73% 85.0¢ red hawk mining limited

Unsure why the secrecy but good luck to you.Only advice I can...

  1. 2,831 Posts.
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    Unsure why the secrecy but good luck to you.
    Only advice I can give is make sure you present ASIC with actual facts not the type of claims you've randomly been throwing out on here.
    BTW - I don't think anyone doubts the quality of the PIOP resource and I think we all know it has been talked down at various stages.
    Figures for the resource also change depending on what the study is for.
    The PIOP mineral estimate resource update I linked above increased the total resource from previous figures by around 40% and the measured fe% increased to around 60% (from 56.4%) however the inferred and indicated figures were lower giving an overall total of 52.2% noting this is on a much larger total resource around 1.5b tonnes to support an operation of 45mtpa! I don't think anyone actually thought this would be the result once mining but clearly it is not feasible to drill the whole 1.5b tonnes and yes the headline figure of 52% may have suited!
    The mythical BFS would have needed to flesh this out more however as we all know we didn't quite there yet again!! (Missed it by that much Chiefsmile.png)
    Of more importance, the recent scoping study MRE also shows a total fe% around 60% on 173mt (majority indicated) which amply supports the proposed smaller size of operation currently being targeted.
    We await the PFS with interest..................
 
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