RAG 0.00% 2.0¢ ragnar metals limited

Ann: Assays Confirm Large Scale Potential of Granmuren Discovery, page-316

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    Interesting they've gone for DHIP-R instead of DHEM which I'm sure they're doing both but DHIP-R will highlight the whole mineralised intrusion as opposed to just the small pockets of massive sulphides. They clearly want to understand the size of the disseminated Ni-Cu orebody before proceeding with drill targeting, I like this as they're thinking big picture and we'll see quickly and clearly the possible scale of Granmuren.

    It's a magmatic Ni-Cu-PGE deposit so doesn't have to have komatiite grades (typically sub 10m @ +2% Ni) to be significant, it's about tonnage and any long intercepts +0.7% NiEq are very significant.

    Pretty funny upside at $20m MC ;-)


 
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