CVV caravel minerals limited

Good announcement IMO. No surprises and supports everything...

  1. 3,447 Posts.
    lightbulb Created with Sketch. 9936
    Good announcement IMO. No surprises and supports everything going forward.

    Nice one two with the structural model being followed up by this showing ducks being lined up.

    All they need now is an offtake partner or JV partner or a takeover offer to complete the knockout blow.

    Prefer the former to TO.


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    Yes I am a stuck record on Bindi East and Bindi as a whole.

    Good to be as it means they are well on track to meet and exceed targets for the MRE with a predictable deposit.

    If anything the grades reported are a bit higher than I expected, over intervals pretty much as expected.

    Annotating Google earth database gives a visual of the holes reported. All infill holes are vertical (or so close as not to be a major factor).

    https://hotcopper.com.au/data/attachments/3538/3538349-2d4385907461148825445653e4945c8f.jpg
    Depth potential reasonable to good (should have circled holes 58, 60 and 62 as well) with many holes ending in mineralisation.

    Assays to come from the south end: RC plus most of the diamond holes drilled here. DD Hole 17 is somewhere near here as well.
    https://hotcopper.com.au/data/attachments/3538/3538359-e2eb6fc55e8b3b968193df31eef70721.jpg

    White triangles scaled location of proposed infill - mostly OK but a bit off on 750N.

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    Diamond drilling? More than is obvious on the plan view I suspect.

    https://hotcopper.com.au/data/attachments/3538/3538372-f54ed58c9b354fe222db1849d696815a.jpg
    =================
    One of today's sections vs earlier arm waving.
    6573640(50)N

    https://hotcopper.com.au/data/attachments/3538/3538384-42d49beb82fdfeef221c8c48df7a56a8.jpg

    https://hotcopper.com.au/data/attachments/3538/3538405-98088fa97089ecd8bf60cc6b69500973.jpg

    Not a bad prediction in the arm waving. That something as off the cuff as this is even in the ball park bodes well for the MRE.
    Stuck record - predictable.







 
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