paytrade, I had considered that; one reason for doing the sums for each month as I did. A couple of points:
I think that when a resource is first drilled the boffins go away to study what the structure might be underneath. Based on that study, they direct where future drilling occurs - either new locations or to redrill existing holes to greater depth. I assume they would go for the obvious targets first, working there way through to less promising targets. So I conclude that while we might see further increases in Zone 1, they may not be by as much as what we've seen already.
Another point to consider: the assay results take about two months to be published, and Zone 1 is still being drilled. So I assume we have at least two more months of Zone 1 data waiting to be analysed.
Combining the above two points, I predict that Zone 1 will be between 130-135 million pounds when drilling ceases, with an outside chance of 140 million. Just my guess, I could be wrong on this.
I think your estimate of 300 million for Zone 1 & 2 & Ida Dome by September is quite possible, but a touch on the high side. I'd go for about 280 at this stage (135 Zone 1, 120 Zone 2, 25 Ida). There's a fair bit of + and - on that total.
I am much more excited by the drilling further south of Zone 2. So far all EXT has said is that the returns exceed those of Zone 1 when it was initially drilled. Since exploratory drilling by EXT is usually down to 100 m, this indicates to me that Zone(s) 3+ may be as close to the surface as Zone 1, and may be as big. Now that would be something!
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $20.72M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.8¢ | $31.15K | 3.390M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1600000 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1109800 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1600000 | 0.009 |
6 | 1884688 | 0.008 |
6 | 5198700 | 0.007 |
4 | 2850000 | 0.006 |
2 | 1280000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 627812 | 2 |
0.011 | 4227645 | 5 |
0.012 | 1982124 | 5 |
0.013 | 53000 | 1 |
0.014 | 1000000 | 1 |
Last trade - 15.23pm 27/06/2025 (20 minute delay) ? |
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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