Ann: Black Swan Progressing to Restart, page-51

First 51 Last

Share
Profile

Follow
joker1

2,721 Posts.

2

07/03/23

11:15

Post #: 66640643
Share

Originally posted by SentryBox77: ↑

Because we're talking about infill drilling on a low grade ore body the assays (in this case a small % of the assays) won't tell us much - we know there is a lot of low grade ore there already. Very important however, is the interpretation of the assays as a whole, which will enable a resource update (probably next month). Life of project is what we need to be sensitive to here - it's what this drilling program is all about.

I'd also add that converting inferred to indicated resource is the required bar for mining inventory in this instance - again, it's an open pit on a low grade ore body, you wouldn't waste money on extra drilling the hell out of it to prove it up to a higher level of confidence as you would for a high grade underground ore body (like we did for SS).

It's a good update. The message that is purposely implied is that funding is likely to come in the form of debt from an off taker. Would prefer to hear we're already on the ground at Lake Johnston, but it is obviously a secondary priority.

Seems everything they announce these days is marked as 'price sensitive', erring towards the side of caution, but we really know that they put it into a TH if it's genuinely price sensitive.

Expand

thanks SB77, measured considered and rational response

POS Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 53 more messages in this thread...

First 51 Last

Add POS (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$7.08K	1.773M

Buyers (Bids)

No.	Vol.	Price($)
119	96704057	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	51461637	55

View Market Depth

No.	Vol.	Price($)
119	96704057	0.003
37	66412489	0.002
17	35412753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	51461637	55
0.005	29189651	21
0.006	7638997	9
0.007	1668099	8
0.008	1800000	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

POS (ASX) Chart

Ann: Black Swan Progressing to Restart, page-51

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Firefly positioned for copper growth in Canada ahead of resource update

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Black Swan Progressing to Restart, page-51

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Firefly positioned for copper growth in Canada ahead of resource update

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News