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Ann: Positive drill results from Julia prospect at Battery Hub, page-49

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Riglife

3,461 Posts.

466

11/01/18

13:53

Post #: 30227084
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Originally posted by kynrazor ↑

I find alot of people are not actually aware of the fact that raw grades of 30% is not necessarily needed to achieve DSO (Direct Shipped Ore) and do not really comprehend the potential scale of the deposit we have at hand.

That said, just look at Montezuma's (MZM) Manganese deposit, happens to be the largest in Australia and compare all that with what our little undervalued company has already achieved so far with only parts of the first drill results.

This is MZM's monster deposit intercepts.

And This is PM1's results today.

And some holders were so quick to call all that low grade and no value at all? Enough said, I disagree.

Shhh~ Now go back to sleep. My new order's still in the queue.

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Good post but for a DSO operation grades of 30-35%+ are required to be considered commercially exploitable. In saying that I am very happy with today's announcement, all it means is that we will need a beneficiation plant to process the ore. Not uncommon at all!

PM1 Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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