No your the expert here @2ic the self anointed one with a...

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Crownjewels

210 Posts.

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16/01/20

19:42

Post #: 42421709
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Originally posted by 2ic: ↑

Don't expect anything reasonable from this lot Peppie. Talk about people in glass houses throwing stones.

All these posters spreading lies about SFX having 60m of overburden and the whole while MRQ are trying to sell a story they are aiming for higher grade resources within the larger, lower grade Koko Massava strand-line complex. I get it, higher grades equals potentially smaller plant and higher margin operation. Early days but let's look at what assays have come back and got the crew excited?

Oh dear.... the higher grade strands are between 40-20m deep (excluding the one small hit under the elevated slimes with elevated oversize I note).

If MRQ are going to aim for mining the higher grade ore, then all the 4-5% average THM sand on top becomes expensive overburden. ignoring the grade smearing in hole 116 by including 9m @ 5% THM within the larger reported interval of 15m @ 8% THM (really this is a 6m @ 12.3% THM high grade strand at the bottom), the higher grade strand as MRQ reported (average of 7% THM across the three holes 114, 115 and 116) is 24m thick under an average of 36m of lower grade sand. Smash, that's the sound of broken glass....

Either MRQ has higher grade (7% isn;t really high but we'll play along) resources under 36m overburden for a 1.5:1 strip ratio, or they have one large but low grade 5.5% resource.? Maybe bmwgirl who is such an expert on mineral sands can tell me..

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No your the expert here @2ic the self anointed one with a remarkable track record..!!! LOL

We have all worked this out. Your success rate is overwhelmingly disappointing and yet you keep going? I don't get it?

Wouldn't you lick your rather exposed wounds and wait until you can deliver on what you preach - as it is quite literally preaching. Unfortunately we are all converted on MRQ and the only thing in need of some conversion is the SFX stock price. Again lets be real here. Why do it to yourself. It must be painfully awkward when everything you have put in writing has turned out to be wrong. I would put myself on Ignore.

Why?

Last edited by Crownjewels: 16/01/20

MRQ Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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