The resource update should be a positive factor on share price. It is possible that the resource will be reported as a zinc equivalent lode or two and a gold equivalent lode and oxide zone. There is enough new holes to make a material increase to the existing resources.
The drill results from the Gap Zone show mineable widths and grades although the wider lenses appear to be of smaller dimensions than market expectations. What is important is that there is no longer a gap, it has been replaced by a resource of mineable but variable widths and grades. The ore continues from Liontown all the way to Liontown East with the real gap being near surface, the ore continues at lower levels and could be mined straight through when mining gets to that depth.
The VTEM target looks interesting and will take a few cross sections of holes at various depths to really know what it means. Hopefully a feeder pipe.
I have added to my holding at these levels and looking to continue to do so.
DYOR. Not investment advice.
SHN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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