SFX 4.88% 19.5¢ sheffield resources limited

Night Train

  1. 292 Posts.
    lightbulb Created with Sketch. 307
    Some food for thought in regards to the little Night Train side project based on assays to date:

    1. It's 20km away from Thunderbird
    2. Based on density of 1.9 t/m3 and averaging strike widths so far, the resource size will likely be greater than 100mt and perhaps significantly larger
    3. Grade is looking very high (similar to Thunderbird)
    4. Metwork suggests a coarser grain size, so recoveries would be higher than Thunderbird.
    5. VHM (principle value heavy minerals) is 92% - this is very high and more than double that of Thunderbird (41%).
    6. Perhaps most striking: samples have been free of iron coatings and low in trash minerals, meaning no low temp roast required.

    Put all these together and you have an asset that could be at the absolute bottom of the cost curve and potentially more valuable than Thunderbird itself.

    How long until the market actually sees this for what it is...
 
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