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11.0%

6.5¢ arcadia minerals limited

You are right as JORC would require you report to nearest 1000....

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Mudpumper

13 Posts.

04/05/23

13:16

Post #: 67606310
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Originally posted by Blythefan: ↑

My concern isn't about the size of the resource, although the grade being 10% off the cut-off grade is a red flag, the real problem is the inappropriate accuracy of the estimate. Like, literally, how can the company claim there's exactly the number of tonnes accurate to one tonne, for such a resource? This is actually a stipulation of the JORC Code 2012, that estimates cannot be quoted to unbelievable levels of accuracy. So, this isn't JORC Compliant, by dint of this furphy. Which means...how reliable is the rest of what they are saying about the resource?

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You are right as JORC would require you report to nearest 1000. So does bring into question competence of thord party competent person. As for ASX checking this they probably cant even spell JORC let alone understand it

AM7 Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.5¢		Change -0.008(11.0%)		Mkt cap ! $7.088M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.5¢	$16.63K	245.1K

Buyers (Bids)

No.	Vol.	Price($)
1	40793	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	6500	1

View Market Depth

No.	Vol.	Price($)
1	40793	0.065
1	4098	0.061
1	67571	0.060
1	140000	0.059
1	20000	0.050

Price($)	Vol.	No.
0.078	6500	1
0.080	100000	1
0.099	2000	1
0.100	75000	1
0.000	0	0

Last trade - 12.13pm 09/05/2024 (20 minute delay)

AM7 (ASX) Chart