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70.0¢ mallee resources limited

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Merchant2000

21,479 Posts.

881

07/03/18

14:10

Post #: 31591078
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Originally posted by densamer ↑

I've seen you say this before @ddzx but I'm not sure I understand. The coy has repeatedly said that the increased JORC is based on lowering the cut-off grade on advice of CSA that the lower grade ore was economical to mine. I'm not an expert but I thought that lowering the cut-off grade where it's economical to extract the lower-grade ore is a good thing because it reduces the amount of waste (ie better strip ratio).

Also, I think the smart investors who are really going to influence the SP will understand that the deposit has high-grade portions. I'm also sure they'll target the higher grade ore first if feasible because that improves the economics of the project.

re the focus of the drilling campaign - they've said this is "aimed at upgrading the classification of the open-pittable part of the Bawdwin resource to "Indicated""

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Good Announcement
Good Research Report with 25c valuation call

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GLAH

MYL Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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