FM3 firstmac mortgage funding trust no. 4 series 1-2020

There’s really no point reviewing the tso threads anymore. I...

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diamondhands1

239 Posts.

73

29/04/21

21:31

Post #: 52826419
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Originally posted by Corgi: ↑

Assuming the MRE will be released 30th June and the turn around time for the last batch of drills to be included in the MRE is 8 Weeks. The 136 holes drilled to date is likely it my friend. It makes no material changes to my estimate and I've assumed any additional drilling would have been contained within the highlighted zones shown on the mark up. What it will likely impact is some of the confidence levels in some of the zones where additional infill drills would have provided better certainty on grades. The consultant will need to make an assumption and in certain zones the resource will be in the inferred category. It isn't anything major as future drilling will convert these zones. What matters now is the grades & thickness of the remaining drills. With the majority of the remaining drills concentrated around the NE flank, hopefully they all return thick & wide intercepts.

Can't wait for the next phase of drilling post MRE to commence. Keen to see the new locations of where we are going to be drilling. My rub of the tummy tells me that over the new new months we are always one drills away from covering another well mineralized zone outside of the Main Ternera deposit!

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There’s really no point reviewing the tso threads anymore. I just check into here for the opinions of the geo savvy fellas like yourself.

Hopefully the sentiment for tso improves over time.

FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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