XAM 1.85% 5.3¢ xanadu mines ltd

Ann: Significant Extensions to Mineralisation at White Hill, page-11

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  1. JID
    3,679 Posts.
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    Hi Guys,

    Keep in mind this following chart from 'The Angry Geologist'.

    It indicates that in isolation, this drill hole, whilst massive in length has sub-economic Cu eq grades to to UG unless Cu prices are much higher:

    Hurdle_Grade_by_Mining_Type_for_Cu_and_Au.png

    I realise that this is part of a much larger picture here, so don't write XAM off, but the graph above probably explains why the SP didn't explode on the drill release.

    Cheers
    John
 
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