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You mention you hold other kaolin stocks and study kaolin...

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SaltyWhomper07

192 Posts.

337

01/09/21

10:48

Post #: 55741319
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Originally posted by Kingr18: ↑

For those thinking I’m trying to down ramp, I’m not. I’m just trying to explain to those what the results mean and not be all rah rah about every announcement.

we need to be realistic here as this project is clearly a dud. I study grades on kaolin projects as I hold others also.

Brightness is the important factor as the Halloysite is only viable to dig up if you can sell the kaolin around it which is the main material in the offtake agreements needed to get the project viable. Over 70 brightness is good and over 80 is great.

ZERO of the holes with over 30% Halloysite were over 80 brightness. To break it down further for those wanting to be realistic and don’t have their head in the sand :

196 holes
Halloysite grades:

7 holes over 30%
22 over 10%
174 0-9%

of the holes over 30% Halloysite

3 are over 70 brightness
2 are 60-70
2 are 50-60 ( including the hole with 53% Halloysite)

the results speak for themselves

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You mention you hold other kaolin stocks and study kaolin grades, I note you don’t appear to be following CR9 going by your bio? The grades within their Tampu deposit are truly world class, unlike OAR’s recent announcement which you seem to agree with. Interested in your views on CR9

OAR Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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