LEG 9.09% 1.2¢ legend mining limited

Ann: 30m of Massive Sulphides in RKDD017 & RKDD013 Assays, Mawson, page-29

  1. 2,736 Posts.
    lightbulb Created with Sketch. 1317
    It's all good mate.

    Actually your concerns about the "difference in observed mineralisation between DD 13 and DD 17" supports the company's current strategy to only make incremental step-outs at this stage. The geology is complex and not necessarily continuous. It can change over very small distances. If you make too big of a step out too early on in the game you can risk missing everything and "losing the scent" so to speak, as well as management and/or shareholder support.

    Check out the Nova discovery section below for reference. The initial pierce points were also around 25m apart (and they had outcropping geology to give them some clues as to what was going on!). It wasn't until Sirius started to understand the geology that they made bigger stepouts...but even then, it was only 50m...not 200m or whatever you may be thinking would be a better "strategy". To boost your confidence in your investment, you may also note that at the same comparative stage, LEG have intersected significanly greater widths of Ni-Cu mineralisation than what Sirius had.

    Having said that, there will be a point where there will be pressure on LEG management to see how big this thing is and to get more agressive with their drilling and bring in more rigs. LEG is potentially only a afew more holes away from this point IMO.


    https://hotcopper.com.au/data/attachments/2182/2182572-8fb8e510b16f2efaae247075ae2e4976.jpg



 
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