MRP 0.00% 6.1¢ macphersons resources limited

Interesting to note that MRP has completed 10,000m of infill...

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    Interesting to note that MRP has completed 10,000m of infill drilling. I think the plan is to get to 30,000m so we are 1/3 way there.  So I think another 12mths further drilling at current rate and 10m capital raising.  So overlaying 1200m would probably 6 times the amount of drilling and at least six times the cost or more. And they no guarantee that gold mineralisation will extend that deep, might be less than half..

    Just looking at some sensitivities and rough estimates:


    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
    0   Length (m) Depth (m) Width (m) Specific Gravity of quartz Mass Tonnes Avg Grade gold oz
    1 Current - Boorara MRE         5,950,000 1.2 230,323
    2 Mt Charlotte 500 1,200 50 2.6 78,000,000 2.4 6,038,710
    3 Boorara - Sensitivities  
    4 Sensitivity 1 -Southern Stockwork 500 200 40 2.6 10,400,000 1.7 570,323
    5 Sensitivity 2 - current extend length to 1500m 1,500 200 40 2.6 31,200,000 1.7 1,710,968
    6 Sensitivity 3  half depth of Mt Charlotte 1,500 600 40 2.6 93,600,000 1.7 5,132,903
    7 Sensitivity 4 - as 3 but extend depth to Mt Charlotte 1,500 1,200 40 2.6 187,200,000 1.7 10,265,806
 
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