This management seem t have done well over last few years...

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grubarura

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22/06/22

13:26

Post #: 62136741
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Originally posted by 2ic: ↑

"consistent, thick, shallow and hih-grades" are all subjective and relative terms... 8m @ 750ppm from 52m depth is all four compared to 4m @ 300ppm from 80m for example. Invest based on ASX junior management's subjective perspective at your own risk obviously, most often the sausage doesnt match the sizzle.

You raise a good point regards identifying the presence and TREO grade of zones well before samples are even sent to the lab. HAnd-held XRF machines have been remarkably accurate against lab assays for years and one assumes are only getting better. Most companies choose to keep that iinformation undisclosed, I assume to leverage into some juicy upside information to leak around and entice buyers into the stock (punters love thinking they have an inside edge on future results). DRE went the other way other day and used XRF data on a meter-to-meter basis to promote their first 6 holes into a hard rock target and generate interest early.

IMO, the ASX has complerely dropped the ball on handheld XRF results as pertains to continuous disclosure laws by allowing comanies to pick and choose when they update the market with exploration results that often have a 0.9 coirrelation coefficiemt to final lab assays. In an exploration project at early stages even +/- 50% accuracy tells the story far as valuation is concerned, and handhelds look more like +/- 20%.

Anyway, time will tell. Good luck

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This management seem t have done well over last few years therefore I topped up moderately today

MEK Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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