First impression: Another brilliant set of results, I especially like deeper holes which will blow the Global Resource numbers to Kingdom come.
I will crunch the numbers today,
The revised MRE will still take a while as it will requires a complete rework/build of the Resource model using ALL drill results, I assume that they will also want to feed in the latest financial data ie plant recoveries and NdPr prices to determine the actual cut-off grades etc. A fairly complex task even with sophisticated computer programs. After which then the whole Model has to be verified by a third party before ASX can allow publication.
Nice bit of action in Europe overnight, another raid on the AX by Brokers seeking to make 20% on the differential is to be expected today.
PM8 Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held