ADV 0.00% 13.0¢ ardiden ltd

Ann: Multiple Spodumene-Bearing Pegmatites Intersected at Seymour, page-6

  1. 3,731 Posts.
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    Holes 1 and 7 have a degree of thickness but the rest are not economical. Grades of these 2 holes will be interesting but again as per Nth Aubry uniformity seems to be the issue here with most spodumene seams not economical to mine with terrible strip ratio's. Way to much overburden between the seams. Can't see this going into production soon. To small an operation. Funny 2 years ago this management team said to me production this year....yeh right!!!
    Grade results now will be the key. They will need to up around the 2% or better for any favourable economics of scale. This operation (Seymore) is just to small and lacks quantum for my interest to invest again.
    Anyways best of luck to the investors and the Company hope you guy's hit a feeder zone soon.
 
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