Lithium JORC Countdown - Tonnage + Grade?, page-88

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Chrimata

999 Posts.

566

07/10/16

13:20

Post #: 19697714
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Originally posted by ozblue ↑

Looking at the diagrams and the numbers attached, a lot of the drilling is on quite an angle, so the hits are not 'true width'. On a rough calculation true width is only ~80% of reported width, so 50m wide downhole samples are really only 40m in true width.

On page 12 of the last update 28/9/16 was the following....
"Data spacing and distribution is not sufficient for resource estimation."

So IMO there will be no JORC compliant resource estimate until further drilling has taken place. The 5 extra holes they are waiting for results from will probably not be enough to give a JORC resource.

The market for BGS shares is relatively thinly traded, so any large holder taking profits is going to have a major influence on the share price. IMO it looks like a major shareholder is bailing out. If they bought between 5-10c they are making a good profit. The real question is how many shares do they still have to sell?? Plus of course how many others have also decided to take the same action??

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You sure are quick to flip on your view on BGS @ozblue;
http://hotcopper.com.au/threads/ann...868879/page-486?post_id=19008411#.V_cFK2Uw0pE

There is a 5c difference from when you bought to now, equivalent to a 9m MC difference undiluted.

35c at the time of posting and less than one month ago...
http://hotcopper.com.au/threads/bgs-chart.2830433/page-114?post_id=19067166#.V_cFpWUw0pE

Are you saying you didn't do your research properly or were you just ramping????

BGS Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
19 Upvote

0 Great analysis

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Lithium JORC Countdown - Tonnage + Grade?, page-88

Top Stories

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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