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0.8¢ polarx limited

Ann: Drilling continues to expand Zackly mineralisation, page-30

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10/08/18

19:39

Post #: 34867923
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Originally posted by eshmun ↑

I didn’t say there is only one decent hole on the project, I’m talking about the holes from the current drilling program so far that have assays pending. The grades need to improve at depth or they will become sub-economic to mine IMO. The goal is to define an economic ore body after all so that either involves size and/or grade. So far based on the size of the inferred resource the project doesn’t have much size. So they either need to expand the size of the deposit that might be amenable to open pit mining (hence my reference to hole ZX-18020 being the best hole I’ve seen so far) or define significant grades at depth that would justify an open pit and UG operation. The size-grade barrier for development of a base metal project is quite high if the company doesn’t own a working processing facility. Esh

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Who needs assays when this falafel can do a complete underground feasibility study in his head with visuals alone.......

PXX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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