MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Expiry of Options, page-23

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  1. 260 Posts.
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    I think the jorc assessment will delineate the inferred (not so valuable) versus the proved (more valuable) resource. In that way a jorc assessment is more valuable with the processing tests completed. also any data room or sell down is likely to need this assessment completed. (some info below on jorc)

    hope this helps. Key point is jorc is designed to be transparent and rigorous and classifications require more than just geology and ore volume/delineation. Getting this assessment done on the timeline promised would greatly increase my confidence in the company - though it may not be a magic share price mover. There is an element of luck required for that - as the results need to be excellent for that to happen. Exploration is a risky business and bad results happen to good geologists and management teams. Missing deadlines and not progressing to the plan are more of a concern - especially when management made the timeline - covid or no covid.



    https://hotcopper.com.au/data/attachments/4892/4892055-cfae249d5721d8b79272c3bc7be43efe.jpg

    https://hotcopper.com.au/data/attachments/4892/4892052-81fd3199ddee4007dee54748add854ee.jpg
 
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