Ann: Primary Nickel and Copper Sulphides Confirmed at Mt Ridley, page-64

First 64 Last

Share
Profile

Follow
MC Camma

10,749 Posts.

227

20/02/15

13:27

Post #: 14791091
Share

Originally posted by Sarg ↑

Hi All- McCamma,

I had professional feedback which reads along these lines, worthy of consideration I suggest, as follows;

"MRD have confirmed there are the right host rocks in our region which is a great start given the level of testing done so far. Magmatic Ni sulphides is also a great result."

Main game is to find the ore, now that we know "the right process has taken place" in this part of the Fraser Range terrain. They still have to do that as well.
Disseminated is highly unlikely to be economic. They need massive sulphide ore to have a chance.
----------
So back to my own words;

The indicator lights are definitely "on"- the drilling so far is quite shallow, importantly imho the true test is depth, and similarly strike (where at least and already the sulphides show as a lengthy and decent lineal distance).
Nickel in the region is not uncommon as some may think, e.g. near Ravensthorpe there was the RAV8 (no not a new Toyota 4WD suitable for the bush) Ni mine, plus another which started stopped and commenced again under better management by First Quantum, where the staff were mainly housed at Hopetoun.

All we need is AQD to compliment the efforts, in comencement of their own drilling in earnest, more of reasonable first round results from the MRD remaining holes, then either of their future and deeper holes to hit the mooted bullseyes, where the concentrated massive sulphides occur.

I am pleased in general, but like any spec you are either in or out and it will be too late if either of these horses bolt, we trust like a Sirius to $5.00- well ok even $2 or $3 will really excite me!!.
I hold AQD shares not in MRD as yet, but their work is really meritorious and will provide much impetus for the region, I'm especially happy to see AQD have added significantly to their initial tenure holding most generally south of MRD'S.
GLTA
Sarg has left the building.

Expand

Sarg

truly love your posts and enthusiasm!

i spoke to a couple of people who know a bit more about this stuff than me and they were also greatly enthused, when i asked them about the apparent anomalies in the ni:cu ratios that some of the guys have spoken about, they seem to think that it will be cleared up one way or the other with next round of drilling results so its high risk high reward i guess!

i sincerely hope it renews interest in the area big time anyway and that your aqd crack it big!

come to think of it, i am sure i still have some rtr as well may be worth having a revisit there as well...

MRD Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

CU6

Clarity progresses SECuRE trial with positive safety results

3 stocks with antimony news on Thursday

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3