re: Ann: Thick hematite across McPhee Creek m...
Did the market just miss this announcement today?
There's some fairly heavy information that was thrown in this announcement today.
Hole RCMC162 80m End of Hole @ 57.1%.
Look how far east that hole is. Its all so relatively shallow as well.
This looks well and truly like a 300Mt+ deposit. Much bigger than what I thought a few months ago (290Mt max).
It would be interesting to know if Graham Riley's comments in the announcement:
"We are confident that our initial target of 100-140 million tonnes will be well and truly exceeded"
was in reference to exceeding targets in the 250m wide Purple Zone only or if it were in reference to the scope of the entire deposit. It would be nice if he were just referring to the Purple Zone.
Well done GIR. Great discovery.
GIR Price at posting:
$1.89 Sentiment: LT Buy Disclosure: Held
