I am anticipating good grades at the very least with SRZ giving their indication of completing a DHEM in October. This should highlight the next set of drill targets . There is still a long way to go but makes this a very compelling target/s. An example of what they could be hoping for is similar to what was achieved during the "Ardlethan tin boom". Mining of the high grade ores (between 2-46% tin) was carried out up to 1956. Later the low grades were extracted by Aberfoyle for quite a few years up to grades of 0.56%. Stark difference between mining grades - we are looking for possible pipes, pods or high grade veins. Hydrothermal deposits require a lot of assessment & come in very different styles. Many are not even economic but we do have a lot of good indicators & modern technology (especially with BHP's previous 4 drill holes which highlighted very long intersections of low tin grades & various other metals, the Great Pyramid mine & about 15km of corridor mineral indicators). I believe that the MRT have been our "cheer leaders" hoping that their comprehensive detailed report on Scamander (with the help of Mira Geoscience's data set), create a mining centre & jobs for the state sometime into the future. Drill cores were stored in their sheds at Hobart so a few would of had a look at prior to despatch for proper analysis. If this section of the polymetallic minerals is economic, it will take a few drill results to see the amount that is mineable hopefully including a successful capital raise of some sort. A possible high end example situated on Tasmania's West Coast could be like MMG's Rosebery who have been mining for many years down to about 1600m , drill testing to 2,500m & MMG have very deep pockets. We do need our share price to improve in this gloomy environment but hoping for a catalyst in share price with the Heemskirk update , Scamander drill results or any other left field event such as cornerstone investor . I still cannot believe the market cap & hopefully I am right in viewing this stock as undervalued. Hoping that I also defy the "market is always right" theory & BHP's statement "High grade mineralisation does not exist" some 50 or so years ago when they were last in this area. LOL. All in IMO of course. GLTAH.
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Mkt cap ! $41.74M |
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4 | 2650000 | 0.020 |
4 | 2671929 | 0.019 |
7 | 1596779 | 0.018 |
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Price($) | Vol. | No. |
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0.022 | 1320499 | 3 |
0.023 | 2139444 | 8 |
0.024 | 900000 | 4 |
0.025 | 1939402 | 4 |
0.026 | 342857 | 2 |
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