If we look at this more closely there are a few holes we want to keep an eye on.
A couple of the more important ones for me and I would hope everyone else is...
CV23-125 29.8M
CV23-139 39.5M
CV23-140 33.5M
CV23-140 11.1M
CV23-136 25.6M
CV23-116 71.9M
CV23-118 30.8M
CV23-120 75.2M
These are the farthest East and will CONFIRM the trend to CV4.
The range of 40-70M of what X% is a solid result we should hopefully get.
We can't have a 150M at 2% every go.
Again, it's now all about giving the "competent person" the data they need to get the MRE as big as possible for CV5.
Yes there's back fill drilling but, can you blame them with such massive hits as the 156.9m of 2.12% Li2O.
(They need to see how big that puppy is.)
The Nova trend may be 50-70% of the total MRE?
CV-23 129, 130, 132, 134, 106, 105, 110
We won't get them this round but what do 160, 161 have in store as they head west?
We know we are going to see 1-2% with peppers of smaller 3-4%.
Everyone feeds into the model and builds the MRE past 150MT
That's what this is about now.
Not the flashy headline, which I'm sure they'll do anyway.
143-163 are likely next round but, may get us very close to a super trend by connecting CV-5 to CV-4.
That's where the MC should start with a 2 in front of it.
The smartest move IMO is to do nothing and hold tight.
The buyers are going to jump on these hard and fast soon.
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