Hi Ram, I'm not answering your question as I'm not a geo ...but a couple of points:
- The JORC was based on data that was acquired prior to the 28th Aug ...so a good portion of this will already be mined -depends on mining rate/success.
- By nature, a JORC MRE is conservative.
- The JORC Mineral Resource Estimate is not included in the Exploration Target.
- No drill data was used in the MRE ...it was all estimated from samples taken from development drives into the mineralisation areas. So we can only JORC the immediate area ready to be mined after the drives have been developed. ...of limited use.
- This doesn't change my thinking regarding the size of the resource. I believe it will be proven to be conservative (historically this has been the case).
- I won't be rushing to sell.
Cheers,
SJB All IMHO
OGX Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
