‘The Aisha RC drilling programme of 3,500m has delineated mineralisation over a strike of 800m and the intersections have identified multiple veins of mineralisation and has subsequently identified Symbol’s second Project at Imperial. The initial drill assay results are expected within the next week and the full results are expected by the end of April 2018. The Macy mineralisation extends for 250m along strike.’
Given that Macy contains 25,000 tons of zinc and Aisha is over 3 times the strike, one can do some basic mathematics. Assuming a similar grade, symbol is sitting on close 100,000 tons of contained zinc in only two deposits out of 30. That is worth over US$320m with out the lead.
I see this earning millions pa with a basic open cut contracted mining operation with that grade.
SL1 Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
