Australia's largest stock trading and investment forum Australia's #1 stock forum

KDR

0.00%

$1.90 kidman resources limited

Re KDR Chart, page-1456

First 1456 Last

Share
Profile

Follow
Cusox

1,258 Posts.

28

16/03/18

21:36

Post #: 31820470
Share

Originally posted by mainholm ↑

Yep it wasn't reassuring to see the Board struggle to answer some simple governance questions. Since then the Board has been significantly strengthened and I'm happy to see such. KDR has now entered the world of the big boys and without a strong Board and excellent management the risk was really strong that the company would have been mince meat going forward.

Anyway, who can predict SP movements accurately? Nobody and if somebody states so then be very wary about them. However, value can be foreseen in many cases and regardless whether the present M/C is under or over value right this moment it will be much higher come 2021....... for sure IMHO and all things being fair and reasonable, in due course, and the fullness of time blah blah.

It looks clear now that Mt Holland contains a Tier 1 resource. The Maiden Mineral Resource Estimate is only for a small part of the vast array of pegmatite deposition across Mt Holland. We can see that from past announcements and supporting JORC statements. So the answer to your question about resource update expectations cannot be answered precisely yet, but it is reasonable to suggest it will be much larger than the Maiden estimate. 20% would be a very conservative guess to the point of being way short of what the update will present. That guess is based on the previously announced drilling results in Nov and Dec 2017 such as:

 Mineralisation continues to the north with further exploration drilling underway which will be integrated into the 2018 Mineral Resource Estimation. The known extent of the Earl Grey Pegmatite has now been delineated contiguously over 2km and remains open, which is a significant increase from December 2016 which defined up to 1.4km.

 Reconnaissance exploration drilling at the Bounty Pegmatite, approximately 3km from the Earl Grey Lithium Mineral Resource and adjacent to the proposed location of the Mt Holland Lithium Concentrator, has given an indication of strong first pass results. These include coarse grained spodumene being observed through multiple pegmatite intercepts. The assay results are still to be received, however the mineralogy is very encouraging for delineation of another deposit in the Mt Holland Project area.

 A total of 95 holes for approximately 24,000m have now been completed since the commencement of the second phase of Mineral Resource definition drilling in the September Quarter 2017. The highly successful 2017 drilling program continues on schedule and is aligned to the project timelines set out by KDR and SQM in August 2017. Drilling and therefore assays are expected to continue through into the March quarter 2018.

Cheers

Expand

Good to see you are back in. ... by the quality of your ramp! Transparent as glass.

KDR Price at posting: $2.13 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

IBG

Ironbark acquires two Mt Isa projects, notes 2,977 ppm copper at surface

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RNX

Renegade uncovers large IOCG breccia system at QLD's Mongoose Deeps

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 4,680 more messages in this thread...

First 1456 Last

Add KDR (ASX) to my watchlist

Re KDR Chart, page-1456

Top Stories

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

Ironbark acquires two Mt Isa projects, notes 2,977 ppm copper at surface

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Renegade uncovers large IOCG breccia system at QLD's Mongoose Deeps

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News