NEN 0.00% 22.0¢ neon capital ltd

No worries finch. In actual fact all posts contribute to a...

  1. 1,867 Posts.
    lightbulb Created with Sketch. 141
    No worries finch. In actual fact all posts contribute to a whole.

    Id just like to raise raise something that I was partly discussing with staplemen earlier. Its nothing to worry about but youve got to keep it in mind.

    Firstly there is large variability between the 2011, 2012 NSAI reports and actual drill log in terms of intervals but also resource size and the mapping of those sizes. This indicates variability to both upside and downside scemarios, but mostly upside.

    Secondly, I cant see how NEN/JV will be able to get a resource size out with the announcement. Maybe a pre-lim range but I reckon it will take them two months to get it independently assessed.

    Thirdly, I am wondering what the test approach will be considering one zone is being tested. I wouldnt assume the 'largest' and or most productive is being done. Generally in this game you do the worst zone first.

    Whatever the answers it doesnt make much difference to me
 
watchlist Created with Sketch. Add NEN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.