@salpetie it seemed a big drop in SP preceded the last release...

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23/08/21

12:42

Post #: 55496657
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Originally posted by salpetie: ↑

Infill drilling began in the south and gradually progressed north. In the last announcement (28/7) they mentioned 11.2Kms had been completed in 70 holes (average 160m) and another 780m remained to be done in 3 holes. Unless they got flooded out the RC infill has been wrapped up with samples either on the way or at the lab. 3-5 weeks turnaround reported means the earliest will be late August for the last batch.

I am expecting the next announcement will include assays for the rest of 6573640N where the initial 3 holes of the infill were reported on 7/8/21.

Assuming the next assay results will be sequential to holes 58-60, I generated interpretive sections for 650N, 550 and 750N using previously available data to extrapolate grades and structures. The details will ultimately be different, but IMO the continuity and consistency will be repeated. The major unknown, for me, is the impact the late granite could have. Available data suggests it will not be a significant issue.

Holes A-C (orange) have been drilled.
Nominal 150m depth but could be up to 300m though this is unlikely.
There is a hint from results that the western margin may be higher grade (relative to Bindi local grades).
Section locations.

Sections in this PDF.

BINDI INFILL ARM WAVING 6573550-750N.pdf

Most recent assay results are for DD (28/7) so any guesstimate on timing for the RC is tough. I would hope in the next couple of weeks with earlier better than later.

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@salpetie it seemed a big drop in SP preceded the last release of results and then we found the director had been selling. Same happening here now? The SP drop seems way more than can be accounted for by copper price drop. Guess profit takers too. Is the floor going to be SP raise of 0.270…

CVV Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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