re: resource/reserve I personally would not expect too much in the way of resource variation from any current drilling programmes. Most of this activity will be focused on continuity of the Tasmania lode at depth.
We often throw up JORC classifications on this forum, but one of the major weaknesses of JORC is its inability to handle rich uderground lode systems. I refer to the apoplexy that the mangement of Bendigo and Ballarat experience in trying to accurately reflect the potential of their respective projects. (To get a significant JORC classification for these type of orebodies you virtually have to drill them out-the cost is prohibitve).
I would hope the LEG simply gives a drilling up date, a reasonable interpretation of what those holes potentially mean, and how production is going with a view to potential ore feed.
If you get too carried away with the resource at this stage you may miss the wood for the trees. (Of note, Wilsons 300,000 resource is in three seperate shoots at depth and will not be easy to convert to a reserve-particularly as it is refractory).
To repeat, dont get your hopes up about a resource increase at this stage-hang out for the drill results along strike that show continuation of the structure at impressive grade/width.
Cheers.
(PS It was Gerrys birthday the other day, tis mine today and I a mon a promise!You beauty!!)
- Forums
- ASX - By Stock
- LEG
- slow moving on high volumes
slow moving on high volumes, page-17
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.82M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $21.79K | 1.676M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3535498 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 365002 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3535498 | 0.012 |
6 | 1880006 | 0.011 |
7 | 1465237 | 0.010 |
2 | 1211111 | 0.009 |
3 | 1493800 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 365002 | 2 |
0.014 | 1244020 | 5 |
0.015 | 8200 | 1 |
0.016 | 318075 | 5 |
0.017 | 1303348 | 3 |
Last trade - 12.13pm 27/09/2024 (20 minute delay) ? |
Featured News
LEG (ASX) Chart |