cheers Deb, that makes sense. Shame my attempt was so poor!
In any case, just like when the flexure zone was hit, the market was instantly unhappy with any uncertainty, just part and parcel of investing.
Hopefully my pessimism proves... too pessimistic!
Cheers for that @Joelstar, totally agree, so much more to come from the next 3 months of drilling before the next MRE.
Just eyeballing the 'Gilbey's Complex' MRE, if we take out the 91k for Sly Fox. That leaves around 650k.
WW looks like it could hold around 2/6 of that or around 220k. With FP making up another 1/6 (approx 100k) and the rest... low grade areas.
Meaning, there is likely around 320k at perhaps 2g/t currently for the 3 structures. Combine that with Sly, and you get around 410k at perhaps 2g/t.
I am hopeful that this will be doubled by the next MRE, to give them perhaps 700-900k of U/G to complement NN.
6g/t NN + 2-3g/t Bulk... average of 3.5g/t * 1.6mtpa = 180k before recoveries.
As @plough discusses, Never Never could be combined with the other U/G deposits (likely at least 2 declines) to enable LHOS (Longhole Open Stoping).
A shame we will likely never see the many many versions of the mine plans as they evolved. Just for interests sake!
- Forums
- ASX - By Stock
- Ann: Drilling hits visible gold over 1km deep below Never Never
cheers Deb, that makes sense. Shame my attempt was so poor! In...
-
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
|
|||||
Last
$1.35 |
Change
-0.005(0.37%) |
Mkt cap ! $1.494B |
Open | High | Low | Value | Volume |
$1.34 | $1.38 | $1.33 | $6.638M | 4.888M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7403 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 5998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7403 | 1.345 |
3 | 127000 | 1.340 |
1 | 40000 | 1.335 |
1 | 30000 | 1.320 |
1 | 381 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.370 | 21320 | 1 |
1.375 | 34753 | 2 |
1.380 | 107290 | 5 |
1.385 | 5000 | 1 |
1.390 | 22222 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online