"seems we have a hidden pearl here ?"
Have to agree.
On a FA alone Market will be looking at seam size and grades, then we will re-rate. Not enough info today to understand fully continuity overall and Drop Dip. So market still assessing.
Back of envolope. at Dip 60
ID 61; 12m to 28m for 13m net spodumene. 2 Small Mafic layers @ 3m
ID 62; 28 to 40m for 12m net spodumene. With a lower layer 92 to 97m for 5m net spodumene.
ID 63; 36 to 46m for 10m net spodumene. with a lower layer 85 to 105m for 20m net spodumene.
So thats 2 seams AV 12m upper seam and from 5 up to 20m lower seam
Open to the north and east in this area 150m
ID 63 has 30m seam all up, would be nice if grades were 2%.
Allowing ID 61 only went down 51m these are very good initial results considering the small area explored along strike. Good economic's of scale starting to emerge, with a pit size so far at around 400m by 400m with heaps of surface spodumene picking, for Nth Aubry.
Shane/Insaf,
no insto's on board .....yet!
cheers
ADV Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
