CNB 1.37% 37.0¢ carnaby resources limited

Paperbark, I think you are being rather harsh on the geo who did...

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  1. 6,334 Posts.
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    Paperbark, I think you are being rather harsh on the geo who did the logging visuals on N44, recording some intervals as 1% chalcopyrite, whilst the assays recorded somewhat higher copper contents than the visuals would have suggested. Frankly I dont even know how the geo could discriminate 1% chalco visuals from a pile of chips. Its not like 1 chip in the box is chalco and the other 99 chips are rubbish. Its all blended in together within the chips. I have commented on this before and yes, the 1% visuals did on average underestimate the chalco % fraction, I did also do a detailed reconciliation. Its apparent some posters held of buying when the announcement came when they saw the intervals of 1% visuals and are not happy chappies in retrospect. In regard the higher grade chalco zones, the geos visual estimates were pretty close to what the assays recorded, understandably. There a couple of exceptions but for the high grade intervals the logged visuals were close to the mark. The presence of 1% visuals in some intervals of the hole did not faze me when I saw the logged visuals for the high grade intervals and I topped up on market open

 
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37.0¢
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1 2869 37.0¢
 

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