G1A 0.00% 5.9¢ galena mining limited

Yeah, I'm not fussed by no Measured. This thing was deep and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 574 Posts.
    lightbulb Created with Sketch. 139
    Yeah, I'm not fussed by no Measured. This thing was deep and driling tough, so Measured's a big ask and dependent on several things, primarily geostatistical variance within geological domains and "reasonable prospects" economic considerations. The key's confidence in the Reserves and how you model 'em. As I said, I haven't been followin' it but I get the impression that the stuff they hit at da top ob de sequence was stringier than modelled and didn't pay the bills. Coulda done many tings - recognised uncertainty and cured it with more drilling from a drill drive; redomained the ore and modellled the effect of that on the mining sequence; pierced deeper and worked bottom-up; modelled Avoca mining or some bastardised cut-and-fill - dunno, I'd need to look at it.
 
watchlist Created with Sketch. Add G1A (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.