IMO:
This is NOT a FANTASTIC RESULT!
A fantastic result would be confirmation of more resources and upgrading their inferred to better quality to provide more reliable economic modelling.
This drilling is something they needed to do anyway.
Inferred is the lowest confidence level and they are looking for $10M (GV) + $3M (CR) based on that!
Refer:
https://mrmr.cim.org/media/1128/cim-definition-standards_2014.pdf
This is just SPIN conveniently announced to get holders to buy into the CR!
Ann: Further HighGrade Gold Intercepts - Kat Gap Infill Drilling, page-23
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $755.5K | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $7.596K | 6.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 156 | 354955160 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 62585447 | 9 |
View Market Depth
| Last trade - 14.10pm 02/07/2024 (20 minute delay) ? |
| CLZ (ASX) Chart |