These results are poor at best. When considered in context, the true width of the LOW grade mineralisation is around 6 or 7m. It's also near vertical so high strip ratio. But the biggest issue for me is they have drilled down dip (commonly known as a Director special in the industry). So they either don't know anything about the geology at all and made a technical error or was drilling down the dip by design? aimoo dyor. There should be included an estimate of the true thickness, because it aint 33m thick.
Be interesting to see the cash position in the next quarterly, they certainly know how to burn through the cash.
These results are poor at best. When considered in context, the...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.793M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $9.824K | 3.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 127055418 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 48892117 | 16 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| HLX (ASX) Chart |