Which one? The one in the Caldeira, yes, but their turf inside...

Which one? The one in the Caldeira, yes, but their turf inside the Caldeira is very scattered. best outcome for them there would be to vend that turf to the other big players imho. For caldas, we dunno yet. The fact they're doing their diagnostic testing on pulverised samples with an excuse that it is to "eliminate certain effects" smells like putting lipstick on a pig trying to absolutely maximise the announcable numbers rather than to discover true leachability. Given the amount of drilling they've done Im quite surprised they didn't do this pre or just after IPO tbh. Perhaps they thought the risk too high doing that early? I would much rather they did the tests just after IPO on non-powdered samples and depending on the results either shift focus to Caldeira or somewhere else, or continue powering on if results were positive. I base my thoughts on on results I've seen on powdered samples myself which I took at a soil sampling stage and doing leach diagnostic testing the leftovers from grade testing before even doing any drilling there is a definite boost from powdering as the acid will get more surface area to contact. How much the difference in powdered samples and not here I guess shareholders will have to wait for the next set of leach testing for. Leach testing isn't that expensive, they could even do powdered and non powdered at the same time if they really want to identify some sort of "interference". Good luck to those here, their approach doesn't change what is in the ground but it does mean the results they get can't be compared on a like for like basis until the following leach testing stage.

Attaching images to the relevant ann as I can't paste links in the HotCopper app.