EQR 6.82% 4.7¢ eq resources limited

Profits, page-42

  1. 990 Posts.
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    GTC - not sure who you are directing this post to but I will try to clarify

    “ Mineralisation discovered is higher up in previously undrilled areas, transforms what was considered waste into high-grade ore during Stage II Pit cutback from 368m RL to 325m RL “

    https://hotcopper.com.au/data/attachments/6231/6231408-23ad5674c74c03305b8307915fb20ac4.jpg

    The red lines are the grade intercepts within that yellow boundary

    https://hotcopper.com.au/data/attachments/6231/6231418-da8c57ea72cb28931bc62513ba580f3c.jpg

    Above is a blow up of 232 and 235


    https://hotcopper.com.au/data/attachments/6231/6231421-b3c137c4dbddf70ebc5bdf00fa968200.jpg
    232 and 235

    https://hotcopper.com.au/data/attachments/6231/6231422-51d27b0fd46424ca98da7301f11678ce.jpg

    And here are the results of 232 and 235


    So to dumb it all down, they wanted to test the boundaries of mineralisation so they drilled into the higher up benches and found there was some high grade material (232 & 235) up high in the inaccessible benches.
    This material will probably more than pay for the stripping out of the waste

    Re G6M - your point here is very vague but if you are suggesting G6M is a better proposition than EQR, then just go for it.
    My opinion - G6M are yet to face their biggest decision


 
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