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Shellbell

7,970 Posts.

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26/10/20

14:15

Post #: 48389003
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Originally posted by dman0: ↑

Laboratory glut is a non-issue as far as ddh planning goes for this project... Absence of sulfides, matrix/dissem sulfides, or massive sulfides are all direct visual vectors to mineralisation (+ they have a pXRF on site).

Rig shortage is real, but if you tell people that there is a 40,000m contract and they have the camp facilitites & logistics to safely drill through the summer, then rigs will come to you (vs 2,000m/ month on a month by month basis depending on results).

For me the main factor is Management.

Mark Wilson (civil engineer- old bull...last gig before retirement) Vs Mark Bennet (Geo- young buck at the time of discovery)

The LEG market cap and share register also means they can afford to take their time. No one will take them out at 350m without an initial MRE, whereas Sirius were at risk of a speculative takeover for some time due to their low market cap.

There may be other factors too, such as more complex geology, less effective surface geophysics etc when compared to Nova, but for me there is ample geochemical, geological and geophysical evidence to be going much harder than they are.

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Thanks, Dman, for your rational and educated opinion. Don't know if I can agree to all of it (because I do like the response of Rameez so much and experience can count for something)... but I definitely won't dismiss it.

Last edited by Shellbell: 26/10/20

LEG Price at posting: 12.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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