RDM 4.55% 11.5¢ red metal limited

In my experience with Broken Hill/Cannington type deposits when...

  1. 1,370 Posts.
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    In my experience with Broken Hill/Cannington type deposits when they go through metamorphism the pyrhotite at about 300 degrees C has a hardness of 1.5 or toothpaste and tends to along with the galena (lead sulphide)get re-mobilized into low pressure zones as was seen in the intersections above the conductor earlier in the year (high grade zones).

    The latest drilling which missed the conductor from the photos did not have much associated pyrhotite.

    So as far as i am concerned the company has proven the the EM conductor is
    A. Valid and represents massive sulphide mineralisation and B. That the pyrhotite which is the cause of the EM anomaly is associated with high grade Pb-Ag mineralisation.

    IMHO nothing in exploration is a safe bet but if this all works out the potential upside by far outweighs the risk.

    Good luck to all.
 
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