Only had a fairly quick glance, but these cross section images from the ANN below tell the story.
I wouldn't be surprised if bigger money got a whiff of what was coming and used the last two weeks to exit (while everyone thought it was due to the MIN drama).
- Top cross section shows mostly vertical low-grade pegs (see GL1 for what happens in Australia to deposits with vertical pegs) - Second top cross section shows some great spod, but it looks to be about 150m of digging before they can touch it - Third section seems to show a low-grade vertical peg running down to thicker high grade (but again it looks to be ~200m deep till they touch it) - Southern-most cross section looks very average. Very minimal spod till they get ~250m deep.
WC8 Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
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