Is the decision to release the MRE after options expiry...

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bullwinklemoose

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17/11/22

09:40

Post #: 64824476
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Originally posted by ironman100: ↑

Hi WTT

Good Work - goes to show more you drill the more you can add -Great to See ESS define some structural targets and if they can identify some Pegmatites on the Ground in these zones it will give us the best chance of new discoveries. Agree with Jeffo here - any Exploration success here will be a cherry on top, as we are already a Serious player here with our Spodumene Resource which IMO will make this company.

Be careful not to confuse Reserves with Resource - Reserves are the economically minable part of the Resource.
More info here on the 2012 JORC guidelineshttps://hotcopper.com.au/threads/ess-v-cxo.6307985/page-9?post_id=56345504

From the latest Reserves upgrade - As per reporting guidelines CXO currently only have 10.6Mt to Mine (Reserve) only 56% of their 18.9Mt Resource.

Put that vs ESS - with Tim Stating that the MRE should define a Indicated/Measured Resource that can be converted to RESERVE status on DFS of somewhere between 7-8mt, That's what I'm expecting in 3 weeks. A Total resource total 13-14mt...however i will be happily surprised if we are North of these figures. Good luck all.

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Is the decision to release the MRE after options expiry strategic?
e.g. if the sp is being repressed by those selling heads to fund exercising the options then releasing the MRE post expiry would allow the sp to benefit more so?

ESS Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Is the decision to release the MRE after options expiry...

Top Stories

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

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