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3.57%

13.5¢ ardiden ltd

Resource getting bigger and better by the day., page-20

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JSB007

1,567 Posts.

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23/11/16

22:25

Post #: 20838899
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Originally posted by rusty02 ↑

"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

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If we get an average grade of 1.2%, instead of 2%, will you be dropping this stock?

ADV Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 13.5¢		Change -0.005(3.57%)		Mkt cap ! $8.439M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$2	13

Buyers (Bids)

No.	Vol.	Price($)
3	79010	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	16958	1

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No.	Vol.	Price($)
3	79010	0.135
3	164565	0.125
1	20000	0.120
2	86903	0.115
3	88181	0.110

Price($)	Vol.	No.
0.145	16958	1
0.150	50000	1
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0.160	3325	1
0.185	45000	1

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