Ann: Parks Reef PGM Mineral Resource Upgrade, page-68

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Sharetrader78

12,628 Posts.

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01/03/22

14:49

Post #: 59901443
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Originally posted by pliks ↑

Actually,if you search back on this thread, you will find the geological diagnosis of the Parks Reef origins by our fearless leader as being deposited from its volcanic origins as a flat "pancake" surface phenomena and then being turned up by crustal thrust to its present vertical-to-the horizon nature.This tends to indicate an in-depth (depth unknown but presently drills proving approx 200-300+mtr depth) nature of the deep PGM (plus base mineral) deposit which over time has been thrust from a flat nature to being on its side...and extending to an unknown down-thrust nature.The depth is the mystery we are trying to uncover by drilling downhole....we are anticipating proof that the deposit extends its boundaries down-hole to rich mine-worthy levels that could yield great riches for our enterprise...here's to seeing a very deep deposit of PGM's as the 15 kms of surface-exposure in itself is nothing to sneeze at.The 5E nature of the deposit puts an exciting element to the value of the PGMs at Parks Reef in the fact that just one of those elements is Rhodium whose today's value is $20,000/oz.

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Yes Rhodium grades to 500m+ depth would be "phenomanal " ... this is the BIG picture for POD that we have such a Valuable LARGE PGM5 resource that in using Base metal credits it makes economic sense to access the amount of funds or J/V partner (or Trade sale free-carry etc) to bring into production within a timeframe that entices investment .. to secure holding in a very profitable long life operation>>
that pumps Billions in free cashflows

Last edited by Sharetrader78: 01/03/22

POD Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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