69.2Mt @ 2.5% palladium sounds a bit optimistic...maybe this old article from April was written in double-Deutsch?
Pretty sure you are permitted to do a DCF if it's in double-deutsch even if you don't start with a JORC 2012 resource...lol.
Think that Hayden Bairstow from Macquarie and their investors will be very disappointed with the upcoming maiden resource estimate for Julimar.
High-grade lode structures at Julimar appear angled @ ~45 degrees to the current drill orientation thus increasing the actual true thickness of reported primary intersections by a factor of 1.3-1.4 (same problem exists for flat, saprolite results).
Furthermore, the number of lodes reported by CHN (11) appears grossly exaggerated given offset of primary sulfide concentrations either side of north-south-trending dolerite dykes.
There are only five primary lodes separated by 10-15% barren (post-mineralisation) dolerite based on my interpretation of drilling to date.
This downgrades current analyst volume guestimates of mineralisation by more than 50%.
Lastly, continuity into the area of state forest (Hartog), based upon Airborne EM, is not supported by surface geochemistry.
P
Fair Price for CHN with current resource ?, page-255
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