I don't recall you initially saying that 2+ years ago as the...

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RM230

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27/05/18

18:52

Post #: 33327045
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Originally posted by rusty02 ↑

Hi RM.
Read my last posts from the "back of envolope" series of posts especially the last post showing my calcs. You will note that I didn't comment. The smart money noticed the calcs just didnt show economics.
Look at each set of assays and where they sit on a goggle map then colour in the assays returned that have some saprolite and assays that are only laterite. You will notice that as the program progressed the saprolite thinned out alarmingly and the program was stopped.. This alarmed me greatly. At 3m saprolite increasing trend is mineable but the assays showed the trend decreasing. Not a lost cause at all as long as K is mine concurrently and future programs at SJ show some economics of scale with quality grades.
You are correct, EV and ES use suplhides and high quality saprolitic loams through HALP Benefication. Would be interesting to see what Metallurgy testing has been done. Generally the Philipines throught to PMG and down the ring of fire through the Pacific islands are not suitable. Again the propaganda used by this management team relating to EV last year without any Met's data is alarming.
Cheers and hopefully a ML for K soon.

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I don't recall you initially saying that 2+ years ago as the first drilling results for SJ came out, from memory you were very excited with them.....but I agree, I don't think their laterite nickel in that region are suited for EV.

AVQ Price at posting: 14.5¢ Sentiment: Sell Disclosure: Not Held
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I don't recall you initially saying that 2+ years ago as the...

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