Short Term Trading Week Starting: 10 Aug

Originally posted by FullMoonFever: ↑

Hey TC

Just saw yours & FHs convo on grades etc.

No Geo so any discussion & ideas / thoughts is always great to read.

This interval calc could be handy tool as well https://corebox.net/drill_interval_calculator

Though who knows if I'm working it right but found it interesting. By the way fyi the web certificate is not up to date so you should get warning on it if go to the website if your security kicks in.

"This calculator is a first pass tool for determining what might be ore and what might be waste. That determination (ore vs. waste) has enormous implications regarding the exploration potential (the size) and eventual value of a prospective property.By knowing the average grade of the excluded material we can tell if the company has been pushing high grade assays into very low grade rock (smearing) or if the long interval is actually representative of the entire quoted drill interval"

"Often news releases that announce drill results report a long interval grading “X” grams per tonne gold (or any metal) over “Y” meters. The Y interval may contain smaller, higher grade intervals within; this is generally indicated by a statement such as: “Including __ grams per tonne gold over ___ meters.” Although this is useful information it only tells half the story. We also need to know what the rest of the interval grades when the high grade intervals are excluded. Would the excluded interval make money (ore) or lose money (waste) if it were mined?"

I found it some time ago from a link on the Angry Geologist from memory

http://angrygeologist.blogspot.com/2017/03/

I do recall his blog at the time re smearing caught my cynical eye and it is also below for a read.

Anyway...just throwing out there as a possible tool some may wish to play with to see if relevant or not.

Using say the current topic MKG eg on NARC 145 & 143.

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Cheers that was a fun read and a good laugh to boot.............

Nicely explains the pit falls of personal perspective and interpretation when reading drilling results announcements if one only gives these things a cursory glance.

It's easy to get caught up in the hype when reading only those 'choice' or 'cherry picked' headlines in announcements of course..........(and yes, I too am guilty of such impulsive purchasing, not so much these days however)...........always check the 'full logs' in appendices or tables that should be provided

Good old hype can certainly drive punters not 'committed' enough to details to buy and keep on buying up a stock with "sensational" one liner headlines...................and consequently said stocks often provide an opportunity for shorter term trading.

The psychology of the average or even experienced 'time poor' or 'lazy' or 'overwhelmed' stock buyer is perhaps the more significant aspect that a shorter frame trader needs to anticipate.................??

Just rambling out some thoughts there..........we might see a simple example of the 'psychology drive' today as punters rush to drop gold plays even though the metal is still trading at seriously high levels vs. this time last year for example. Knee jerk reactions are more often than not opportunistic if you can stay the course and you have done your DD.

Cheers again...........had a good laugh reading that article.