Some light reading put together by Eoin after they made the discovery few years ago.
https://www.smedg.org.au/mw-ppt-2017/5_granites-and-more/3_Bygoo-Tin-Deposit_ERothery_EtAl_ppt.pdf
https://www.minesandwines.com.au/papers-2017/5_granites-and-more/3_Discovery%E2%80%8B%20%E2%80%8Bof%E2%80%8B%20%E2%80%8Bthe%E2%80%8B%20%E2%80%8Bbygoo%E2%80%8B%20%E2%80%8Btin%E2%80%8B%20%E2%80%8Bdeposit,%E2%80%8B%20%E2%80%8Bcentral%E2%80%8B%20%E2%80%8Bnsw_ERothery_Etal.docx
This RED LINE shows the eastern contact of the Ardlethan granite which is the source of tin, and the good stuff is on that RED LINE. The vast majority of the target area is below COVER (that's the lighter coloured areas):
Sometimes we assume areas of elevation or the places poking their head out of the cover have the best stuff and this is due to increased silicification or it can be the reverse, the preferentially eroded areas are better due to more alteration, sulphides which weather faster etc.
Anyway this is what it looks like beneath that cover:
My "10mt" vision is based simply on the fact that Thomson have barely scratched the surface in this area. The eastern contact is 14km.
A smarter man than me would look at how many drill holes have come back with ore grade tin as a percentage of all drillholes and how many metres drilled in total. Then think about what it looks like if they put in 50,000m.
My feeling is it will keep opening up as they become more and more confident in their method.
And the most important thing is actually mineralogy and how good mineralogy supports metallurgical recovery and concentrate production.
They have done some gravity recovery work on a 1m interval (not really representative), it was a very good recovery from memory. I
As far as SPIN OUT goes.
It's one thing to keep achieving technical success, it's quite another thing for the equity markets to be receptive to TIN.
What will we get for a spin out in this market? Tin is still not there, it will get there but not yet.
My thinking is it makes MORE SENSE IN THIS MARKET to spin out the silver projects into a TSXV / north american vehicle.
Thats where they love silver, they go gaga for it.
Bring in Eric Sprott as a cornerstone, lock in a few podcasts and call it a day.
Silver companies are overvalued on the TSXV even when silver is $10.
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