This is the EA exploration plan as far as what ive been told and read and reading between the lines.
Newexco to keep drilling paid in shares
100 RC drill holes on their way, proving up below line super high grade
first 3 drill holes were the testers for length and depth below EA beyond the wall
Now they know the areas of high grade they will drill the super high grade for depth and length near surface
The new flying fox/Nova world class deposit found and is being proven up
The drill core samples length and depth and angles will be likely used to extrapolate the location of the next holes and super high grade movement and plunge.
entire region of LJ is in play now
The XRF 5.99% MH area is plotted in with EA extensions 300m to find any contiguous link between.
Many speculators even JC are talking up these drill finds which RD & NH have known about for years in secret.
Likely it was RD that supported buying LJ thereby. RD loves EA & now we know NH was right at the 2014 AGM and RD knew it was a great deposit like NOVA. He worked on it in 2007-2009 at LJ and must have had info about its size and prospects.
Ive told yo many times before, POS team hold many many secrets for many years and they are massive secrets. Its comes out when they are ready.
We now know the BHP Lienster, Tsingshan offtake & Norilsk deals were worked on in secret for years. These were massive deals and no one knew except the chosen true believers.
I think they have tipped us off quietly now that:-
- EA at LJ is a massive super high grade world class deposit that matches flying fox and NOVA
- Newexco is going to prove it up with follow up results
- they will acquire some more cheap assets to complement their mills & mines
- SS is to start first, funding and buyer already lined up
- BSwan mill is earmarked for large tolling from another supplier
- LJ mill can restart at a much cheaper COP than so far announced
- Tsingshan is the boss and they dictate what starts first meaning they will fund it
(fredy mentioned $100M sounds about right)
- some punters have already been tipped off about EA results looks like
- we know collyn was tipped off with 5.99% XRF rock samples since Nov 2014 over 14 months ago
NH has made it clear that the drilling continues and the EA find is massive high grade
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