just to add a bit to this. When mineral reserves are calculated they will exclude tones that are listed in the "inferred" bucket, so part of this drilling exercise was to move tones out of inferred and into measured & indicated. As explain this why they are drilling some additional holes in pit.
if you go back to the last mineral resource update for Moblan you will see it was for 93mt, but only 65mt was in the crucial measured and indicated. They will likely be trying to get at least 100 mt in the M & I prior to the DFS.resource update
Now here is the fun part. If in fact the new MRE tops the 100 mt mark in measured and indicated, that would almost 5x the size of NAL's current size. In addition to that moblan has much higher grade which will make costs much lower. So the number i will be looking for in the MRE is 100 mt in the measured and indicated.
SYA Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)