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19.5¢ predictive discovery limited

Thanks mate much appreciated.

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gns

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05/07/20

13:36

Post #: 45652103
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Originally posted by Wack: ↑

Hi all.
@gosouth.
Not sure if I can give a direct answer to your Q about the toll treat but I would hope this helps.
There are a lot of points of clarification in the latest crux interview.
I will put a link below but these sometimes get blocked by HC.
If you first go to the 24:45 and listen to what Paul says about some intersections.
He applied a cut off grade of 0.25g Before he reported the results.
That means a 60m intersection of 0.5 g/t was not included in the successful results.
Why? Usually that is not economical but as he concludes at that point in the interview, it is economical for this deposit.
imho attention to this interview could confined to after the 24:45 onwards because that is the relevance to Kaninko and the economics of mining and discovery costs. I might add here that I expect discovery costs to be among the lowest of any explorer.
@gns
To answer the Q of Toll treat.
Firstly the Hummingbird project now moving to construction phase for their new $90m plant.
That could be an option but Paul has said, because of the superior economics of this deposit-
What are they? soft material, large mass which reduces strip, expectation of high recoveries etc, all noted in this part of the interview.
Paul has stated that a stage built plant that would have a relatively low capex to start giving a financial return and fund the next stage of the plant for the hard rock.
So, no I can't see toll treat as the preferred option and not one I would like to see if this grows which I expect it will.
I also found it interesting that Paul's opinion of the high volume that has been traded of late indicates to him that the traders and those that may not understand the story have moved on and that more serious long term holders have taken their positions.
The overhang of shares that could have been an event from the arm dump was absorbed very nicely by the market.
I also find that very reassuring but the hype may have been reduced until the next round of results.
You could see some retrace in the sp as indicated by the possible Head and Shoulders in the chart currently.
Those that are serious are now in but there may be some opportunity to top up.
Kind regards, Wack.

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Thanks mate much appreciated.

PDI Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $404.8M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.0¢	$1.022M	5.173M

Buyers (Bids)

No.	Vol.	Price($)
4	141690	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
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View Market Depth

No.	Vol.	Price($)
4	141690	0.195
21	1314562	0.190
16	478345	0.185
13	1023673	0.180
4	123500	0.175

Price($)	Vol.	No.
0.200	178604	2
0.205	56244	2
0.210	150000	4
0.215	150000	1
0.225	50000	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 20.0¢		Change 0.000 ( 0.96 %)
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Thanks mate much appreciated.

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