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61.0¢ apollo consolidated limited

Ann: Apollo Hits 17m @ 22.52g/t Gold in RC Drilling at Antoinette, page-18

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thunder54

5,578 Posts.

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01/12/16

10:19

Post #: 21019595
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Originally posted by JID ↑

Hi Thunder,

I think we're all jumping at shadow with junior explorers re potential met issues now after 'the other one'.

I asked guys who should know from Sprott about the wording of CDV's early announcements and was told that it's impossible to know whether the ore is refractory or not without using an electron microscope and doing proper testing.

However, this deposit is on the same belt as the Syama mine which has both pluses and minuses:

(1) Syama is a tier 1 asset, maybe this is too
(2) Syama has tricky ore that cause previous operator (BHP) a lot of issues prior to RSG sorting it out

Whilst you can't make any inferences from the above it's worth keeping in the back of your mind anyway.

As you say - early days and size the position correctly for the unknowns still ahead.

Cheers
John

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Just have to be positive then and follow the drill story and reevaluate when the time comes, I guess one good thing is the grade looks pretty good here, if CDV had 3 g/t stuff it wouldn't be such an issue for them.

AOP Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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