Thats the incredible thing here..potential for discovery efficiency.
Now he did say earlier on that costs were going to be way cheaper in kaz, and not being item specific said at around half that of WA. Would have to go back to the webinar to re listen. But was that just approx ? and was it non specific ? Whereas here, he is specifically talking about the drill costs here. As we know, that is where the dinner box is. Drill $$$ efficiency to discovery.
And with Uranium, they will also have a proxy for grade with E meter. So drill the holes, get assays, and perhaps you only want to send the ones that glow in the dark (pun), (confirmed by E meter down hole) perhaps for assay ? Is there something there, where they can also not assay non radioactive cores ? Makes the dollars go further if there is some capacity to be selective.
Also given that we have a close to surface deposit already, they could probably limit their drill holes to shallow initially. Interesting - the historic mineralised depth said went to 1000m etc, was likely probing for similar mineralised bodies as the other mines. So what to do ? they shallow drill out the hot single drills near surface first, and when the mc is singing songs over 100m mc with our shallow discoveries, is there an opportunity to look deeper when we have more cash on hand ?
And there is plenty of expertise in country also in operating ISL mines. It just all stacks up for a opportune historic treasure map to explore, and as well the mineralised trend with the large foot print we now have. Looking forward to the grant of our northern block as well. And for the surface sampling to get underway. What a surface foot print we might unveil ?
C29 Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
