MEI 3.03% 17.0¢ meteoric resources nl

The drilling results are a required part of the process, in...

  1. 478 Posts.
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    The drilling results are a required part of the process, in order to fully scope out the amount of raw material is contained in the site, information required to determine:

    1. Optimal mine design requirements
    2. Material separation equipment requirements, based on drilling results
    3. Project funding size based on exploration results, etc.

    Seems like a bunch of people want to fast track, skip the remaining of the drilling part, and move onto the next stage without proper due diligence, which will increase the risk as the planning/ project phase can't be optimised to what is required.

    Shorters would want to stop further drilling exploration results to be discovered if they are good/ great, create panic and dupe investors into selling based on fast tracking a necessary part of the process.


    Last edited by burgersauce: 31/01/24
 
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