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Basumal

700 Posts.

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06/03/21

01:16

Post #: 51565968
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Originally posted by strongman: ↑

Hi Basumal assuming the drilling will be RC so there is rock chip which the HH XRF can analyse on site as drilling progresses can the XRF results be officially reported ? My understanding is that the XRF is not very accurate .
Re the drilling given that the company is still saying drilling to commence before months end they must have a drill programme mapped out to submit for drilling licence. Is it normal that this drill programme would be reported officially as an announcement ...possibly they wait until they get the licence ? Anybody know the usual process. I think they mentioned 3 targets within Newleyine. Would be good to know number of holes ( metres to be drilled) to get an idea on how long to complete drilling. Obviously number of drill rigs important also. I guess if we indeed do get some XRF results early showing Ni/Cu sulphides it will get the market pretty excited even if we have to wait some time for final assays and see if there is any PGEs which will definately put a rocket under this
Definately very bullish here but as i posted previously is hard to see final assays out before mid year. Hopefully we get a steady rise until that time...then bingo....CHN number 2

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The XRF is accurate enough to say whether there's Ni +Cu together in the numbers we're talking. They'll know pretty quick if it's the right rocks.

Not sure why its something going for us but MAN bought into the project post Julimar discovery - they didn't peg it before.

Good end to the week!

Bas.

MAN Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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Man Chart, page-339

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Man Chart, page-339

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