VAR variscan mines limited
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The original JORC exploration target from VAR are below....The...

  1. hilly_sandman
    1,586 Posts.
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    28/11/23
    13:00
    Post #: 71145123
    The original JORC exploration target from VAR are below....

    https://hotcopper.com.au/data/attachments/5769/5769919-60c139a92fc4a1fe41135dec17ecee0e.jpg

    The JORC is 1.08Mt at 9% Zn, honestly this is a massive miss... Implication is that there is so much drilling required to increase this JORC, and well, there is no money for that... Reasonable comparison in my opinion has always been AZI, whom have a JORC is 9.8Mt grading 6.8% Zn.. AZI got a funding deal through Appian to expand their resource...

    https://hotcopper.com.au/data/attachments/5769/5769920-deede9e3a1633474c335e88997dc3e9a.jpg
    AZI JORC.
    https://hotcopper.com.au/data/attachments/5769/5769947-819c0b8ca566421f47c8e7d84bd7d8e2.jpg


    https://hotcopper.com.au/data/attachments/5769/5769932-d14972a2ad163a479876ab50dbe39a24.jpg
    VAR Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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