DT mentioned all these items at last weeks BP unearthed.
I know we have to wait for assays before we can offically claim new discoveries but i just struggle with the reasons behind some of the emotive comments by DT prior to these assay annoucements.
let me put three question.
Why issue forward guidance on 100mt of treo?
My issue is 30 to 50mt makes it economical for a mine dfs and makes DRE the biggest regional player.
Why say we are similar to MT WELD, Mountain pass and set that expectation?
My issue it sets us up for a massive SP fall if its not prooven.
Why say Orion is similar/ same as MT Isa?
My issue is we havent drill sufficient holes to support such a statement and we do not have any auger assays.
Now (just assuming) the DRE team have the pxrf results (we dont) but i also think we are assuming that they are good. Hence my 3 whys, DT doesnt have to make these statements unless he is supremely confident in the results.
c3 has 2 mineralised carbonatite drill holes of over 200m. If they are over 1% treo with 30% npdr then i will be the 1st to set my "drill baby drill" shrine to him.
Just a lingering risk that i want to eliminate.
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