I'll fill you in guys.
They are drilling 7 km along strike from BUX's double magic prospect, in what appear to be the same host rocks where the firm has several strong anomalies. The strongest of which is 9000-12000 Siemens. BUX's intersects came from a conductor which ran 15000 Simens but unfortunately was only 15 by 40 meters meaning that even with the nice grades (approximately 2% Ni, 1% Cu) the limited size made it completely uneconomic.
Now should RMR's interpretation be correct and they get similar grades in something much larger applying a width of 17.5 m (as per BUX) ,a density of 3.7 g/cm2 and the conductor dimensions of 250*350 m as per their announcements a back of the envelope gives you a 5.66 millon tonne orebody running 2% Ni and 1%Cu. off that single conductor.
That's the appeal of the firm ATM.
And if they are wrong its probably the last we will hear of them.
Please DYOR and GLTA
I'll fill you in guys. They are drilling 7 km along strike from...
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