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vigilante3

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21/12/19

00:22

Post #: 42080946
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Originally posted by prawn_man: ↑

Roti, you are correct. The statement is not saying the grades are low. It is saying that the level of certainty is low because the hand-held XRF machines, which they are proabaly using to initally examine the cores, do not give a high level of certainty about the percent of each metal. That is, they tell the operator that certain metals are present but it is not a good practice to place too much emphasis on the % of nickel or % of copper that the machine is registering (especially for a long-awaited and vital announcement to the ASX). More importantly, the geologists have interpreted from the appearance of the cores, that high levels of "Lynn Lake type" mineralisation exists. They have given photos which confirm the cores are clearly "Lynn Lake type" nickel-copper deposits. So to find the precise grades of the metals, we have to wait until the analysis is carried out over the mineralised sections of the cores. That's all the additiion to the announcement is saying. Amigos, we just have to patient.

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Amigo, I understand what you are saying about the way they are using tbe word "confidence".

"There is a low level of confidence in visual estimates and due to the variability of the mineralisation, no estimates have been provided for metal content or for individual sulphide mineral content."

That being so, why do they even bother mentioning it ? Why didnt they just wait until the definitive results are due next month and report actual facts ?

Last edited by vigilante3: 21/12/19

CZN Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
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