SIR 0.00% $2.52 sirius resources nl

nova exploration update, page-35

  1. 4,420 Posts.
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    yes i agree happycats; the fact that the evil fault has truncated the orebody as more than a dotted line now potentially limits not just the Zone 1 conductor extent but extents of all the other conductors that intersect what now looks to be a biggish fault. The mkt is now betting on whether that is IT for Conductor 1.

    How do Sirius keep the Excitement Machine running? It seems to me they need to have a proper go at each of the other conductors in turn, while bringing up the resource statement towards a mining plan, so we get good confidence boosting periodic statements about lots of metal. But for the time being give up chasing across the fault too hard with drillholes, and instead hit it with as much detailed geophysics and modelling of same, and probably a deep stratigraphic hole to probe what that fault really means within the sequence. That's what I would do, anyway.
 
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