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Many thanks, mate!

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Dom2007

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02/04/24

18:13

Post #: 73154208
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Originally posted by Bogart88: ↑

Hi Dom,

A few things i picked up today that make the picture a bit clearer to me

Hole 15 got almost 20m of grade but didn't get the 50+ metre width that management and shareholders had for
Hold 16 intersected grade outside of the orebody at the top of the hole so that should add some tonnes, strictly speaking, it wasn't just an infill.
The fact that they are reprocessing some old geophysics data from the 1980's tells me they are trying to figure out why they sometimes hit wide zones of high grade and sometime not
The geochemistry analysis is going to be useful but it will need follow up work to reap the benefits

Given that these are pipes, it is understandable that there will be hits and misses.The management would probably like to just get on with their work but know that the market wants regular updates. In any other company, a 20 metre hit like hole 15 would be seen as a great hit. I believe the company is being transparent but is probably trying to keep both short and long term holders happy at the same time because we have all come to expect wider and higher grade hits.

The fact that both of these holes intersected wide zones of high grade material outside of the sediments is a very good sign

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Many thanks, mate!
DTR Price at posting: 1.4¢ Sentiment: None Disclosure: Held
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