GRL godolphin resources limited

Maybe. Resource estimates take time and generally will be...

  1. 506 Posts.
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    Maybe. Resource estimates take time and generally will be completed with some contingencies. Those contingencies should have been factored into the release. Issues with data are the biggest factor delaying resource estimates. Narrow high grade intercepts with wide drill spacing maybe an issue. Many resource upgrades from old JORC run into issues especially when clients want to see higher confidence. Right now this is just a lot of clay in the ground as the leaching test work has just commenced so while the extra drilling may reduce risk, the extraction risks are assumed to be high. It’s really turned into a marketing exercise as the science is still being done. All the while we have a multi billion dollar deposit at Lewis Ponds just oxidising away. What happened to all that planned Lewis Ponds corridor work?
 
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