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08:10
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Originally posted by speculator555:
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It was good to see Fietz on the front foot after the overeaction by some investors on 1 drill hole result. There are not many companies that drill into new terrain & keep hitting targets. What amazes me the most is the disregard of the ZS143 current drill update (current visuals appear to be of a higher nature - why would you sell?) I am not sure that investors understand that dilation zones in the Severn deposit create higher grade mineralisation lenses as has been stated before. This is one aspect of what they have been targeting & there is a good probability of multiple zones being found at varying levels. What excites me the most is the targeting of the possible higher grade or source to the South West of the main ore body at possibly 1000m (this is to be drilled in phase 2 - having been waiting patiently for this one!). There is already emerging evidence of tin under all the other deposits which have been mined for silver, lead, etc previously. There will be a lot of data flow for the next 6 months & I am pleasantly surprised that results were presented in a timely manner. Gary & the addition of two geo's / field assistant (with Renison experience) can fast track decision making for each stage of this project. It's also good to see that the NE is also progressing with exploration through the hired consultant (prudent approach as its in an infancy stage & we can look at FG1 to see if there are any similarities to our adjoining tenements).Although we have a fair amount of resources, I have always held the belief that we need more resources to sure up the project financial's (especially if we go mining at a higher cut off grade of 1.5% that has been intimated previously).
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" I have always held the belief that we need more resources to sure up the project financial's (especially if we go mining at a higher cut off grade of 1.5% that has been intimated previously)."
