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Ann: Melbourne Mining Club Presentation, page-25

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muzzab

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17/05/18

09:10

Post #: 33152395
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Originally posted by mogga ↑

I'm no miner either Mick but I am reassured by the fact that we have 2 of the best Geos on board overseeing the drilling, we have the driller himself an experienced Geo and we have a management team that hates to spend a cent if its not called for.

I can only assume that if the first hole was a duster - they would not be spending good money drilling for more dust with all the other potential targets they still have to drill.

As they are targeting specific mineral clusters that have a very high probability of containing gold - an experienced geo would be able to make an in situ assessment of what is coming out of the ground without any need of assaying before deciding whether to go on or pull out.

In my opinion - the more they drill - the more it means they have an incentive to drill

The deeper they drill at Fosterville - the better it gets

Had Perseverance Mining drilled that an extra 100 meters so many years ago
we would not be having this discussion right now

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"In my opinion - the more they drill - the more it means they have an incentive to drill"

I agree with you 100% Mogga

NAG Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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Ann: Melbourne Mining Club Presentation, page-25

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Ann: Melbourne Mining Club Presentation, page-25

Top Stories

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News