Ann: Response to ASX Aware Query, page-53

First 53 Last

Share
Profile

Follow
StoneyJerk

1,336 Posts.

220

01/04/19

18:20

Post #: 37955019
Share

Originally posted by sydneyguy: ↑

NCM paid for an existing operating business which had drilling and huge amounts of confirmed information about its resource, NCM believes that given this confirmed information, specifically the shape of the resource, it could POTENTIALLY turn the resource into a TIER 1 asset because its uniquely place because of its IP in block caving.

A lot of time and a truckload of further capital will be required before it is confirmed or not.

AMG has a couple of drill holes and is working on a 3D model being done by and "independent expert" which says potential Tier one asset and that they will use this 3D model to work out where it should drill to see what they have if anything at all.

Major difference.

.

Expand

Hey Sydney Guy
Have you never heard of the DISCOVERY HOLE?

Originally posted by sydneyguy: ↑

NCM paid for an existing operating business which had drilling and huge amounts of confirmed information about its resource, NCM believes that given this confirmed information, specifically the shape of the resource, it could POTENTIALLY turn the resource into a TIER 1 asset because its uniquely place because of its IP in block caving.

A lot of time and a truckload of further capital will be required before it is confirmed or not.

AMG has a couple of drill holes and is working on a 3D model being done by and "independent expert" which says potential Tier one asset and that they will use this 3D model to work out where it should drill to see what they have if anything at all.

Major difference.

.

Expand

Last edited by StoneyJerk: 01/04/19

AMG Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger