Nice little shakeout yet again, $100K, pathetically small
someone capitulated on JTs gone call and will realise next week they got Punk'D yet again just like Stevenson called sell at 4c then went to 5.5c or those poor sellers at 7c in 2014 then went to 19c in 7 days.
SIR went from 5c to 50c in 30 days, on 1 drillhole
That drillhole was a medium grade of 2.5% of 100m length, the last hole they had left
POS drillhole is from Newexco, the same group that found Nova, but at a higher grade not 2.5% but try 6%, the question is the length and how high a grade it is.
Legend RD is/was the COO of SIR, he told us in the 2014 AGM he "especially likes EA" exactly where the current drillhole is awaited from.
Legend NH stated last time that EA has 3%-10% super high grade and the models show more likely and will retest the range
Legends Newexco took shares for drilling but havent sold any!
The WA Govt funded the drilling
User23
you didnt read the ANC preso or the last 2 DFSs very well or the last AGMs statement
"NP under $5.00" was the restart NP, so COP must be under 3.80 for a good buffer
$3,43 COP for LJ
$4.05 COP for WtoBswan ore with AUS$ & Oilp & staff costs all 40% higher
$3.50 W COP with a $250M mill cost (now they can use BSwan)
$6.50 was not a real estimate,
My estimates are POS COP is now at 2.50-3.50 using super high grade (WSA at 2.50 COP with 5%)
POS is the new SIR
It has the highest super high grade Ni ore in Australia and the world
Norilsk & Lionore didnt spend $2B on these assets for nothing now valued at $30M
You will see sooner or later.
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