SOC 8.00% 11.5¢ soco corporation ltd

now thats an elephant - 886m gold intercept , page-48

  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    Nicto

    That is entirely incorrect mate.

    For starters, Newcrest has narrow, pipe-like, vertically plunging, quartz monzonite porphyry complex comprising up to nine intrusive phases. These intrusive complexes have lateral dimensions in the order of 50 to 150 m and minimum vertical extents of 600 to 900 m.

    SOC's Hobbs Pipe 1 is up to 100m wide at the top and estimated to be 120m - 200m wide at the base, with a vertical extent of at least 900m. They are almost identical. At a depth of 900m and width of 120m they have close to 3Mozs in Pipe 1 alone, before exploring for additional width outside the 77 degree angular hole. Calculations are above in the thread.

    NCM's 9 instrusives that make the deposit is exactly the same as what SOC believe to have 5+ pipes. Several of them they know exist as they outcrop at surface.

    So yes, SOC's pipe 1 will be open cut to 200m then block caved.

    As for grade, that is also incorrect. You need to look at the overall reserves/resource not the discovery grades. One hole does not make a deposit, it is what it bulks out to.

    SOC's deposit is higher grading than Newcrest's on an Aueq actually and a $/tonne basis.

 
watchlist Created with Sketch. Add SOC (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
-0.010(8.00%)
Mkt cap ! $15.92M
Open High Low Value Volume
12.0¢ 12.0¢ 11.5¢ $3.518K 30K

Buyers (Bids)

No. Vol. Price($)
2 87271 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 25000 1
View Market Depth
Last trade - 10.12am 25/07/2024 (20 minute delay) ?
SOC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.