IOD 0.00% 16.0¢ iodm limited

holding tight til it hurts, page-15

  1. 56,640 Posts.
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    They've obviously got more than 150,000t (indicative and inferred) - how much is the key - they need more.

    Far East are a pretty conservative bunch for a tiny boutique fund. The "credits" mean all to PDM atm - and we have tin and molybdenum - very rare. Once they prove her up to a conservative 500,000t the she may well be 3 times the current price. We also have a comparative "high grade" deposit. This is also an enormous plus when we compare ourselves to THR, QOL etc.The MTU cost will be significant.

    Then we have uranium inone of the hottest areas in the country....and we're all cashed up with the correct management to steer us through the business plan.

    The change from PDM (Paradigm Gold) to Paradigm Metals - without the need to change the ticker is an example of the creativity in the team. They have been there and done that....the old Paradigm Gold almost failed but somehow has broken out now without huge dilution unlike so many - they know what they are doing.

    CSE must be kicking themselves.

    From the 15/12 ann:

    Paradigm has carried out a due diligence on the project, including detailed ground magnetic surveys over areas adjacent to the known resource.
    This work has identified at least 10 individual magnetite skarn bodies at shallow depth along an interpreted 10km granite margin. Only one of these bodies (the White Rock resource) has been drilled to any significant degree. On this basis, Paradigm believes there is excellent exploration potential to quickly expand the resource base. Because the tungsten is associated with magnetite (a strongly magnetic iron oxide mineral), exploration can be driven by cost-effective geophysical surveys prior to drilling. Paradigm believes the area has the potential to host its target deposit of at least 1 million tonnes grading 1% WO3, equivalent to 10,000 tonnes contained WO3.

    NB. The project area can be viewed on Google Earth at the following longitude/latitude coordinates: 148.90° East, -34.52° South.

    Happy days.



 
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