Australia's largest stock trading and investment forum Australia's #1 stock forum

LEG

Click for more information

0.00%

1.4¢ legend mining limited

"The geology is completley different than Nova so making...

First 186 Last

Share
Profile

Follow
Basumal

700 Posts.

151

11/12/19

08:59

Post #: 41903582
Share

Originally posted by metaldome: ↑

That's not precisely correct but it is what a lot of people think and which makes them get all heady when they hear massive although your ranking is right. Massive sulfide typically means greater than 80% sulfide minerals. In this case the ore tenor is very low so the bulk percentage of the rock is likely gangue, pyrrhotite or pyrite. You can see in the scan how little of the economic sulfide species there is.

From the core photo it looks like they had two massive sections of 65cm and 35cm. The question now will be is this the edge of something bigger or of better nickel tenor. The geology is completley different than Nova so making analogues to that is for the uninformed share speculators only. They'll have some serious interpretive work to do now coming up with a model to guide further exploration. Time will tell.

Expand

"The geology is completley different than Nova so making analogues to that is for the uninformed share speculators only".

You're kidding right? For the moment it appears to be the same type of deposit for an exploration analogy, I'm not sure anything comes closer. No two deposits are the same, though the styles are. Nova would be the goal.

We're certainly not unimformed speculators.

Bas.

LEG Price at posting: 7.5¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 167 more messages in this thread...

First 186 Last

Add LEG (ASX) to my watchlist

(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $40.71M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$133	9.523K

Buyers (Bids)

No.	Vol.	Price($)
2	1408040	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1103424	8

View Market Depth

No.	Vol.	Price($)
2	1408040	0.014
8	5082365	0.013
5	1450000	0.012
4	245417	0.011
7	780000	0.010

Price($)	Vol.	No.
0.015	1103424	8
0.016	338079	2
0.017	650000	2
0.019	520000	1
0.020	160000	2

Last trade - 10.43am 02/05/2024 (20 minute delay)

LEG (ASX) Chart