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I reckon you may end up with a heart after this stock Poet, I...

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coppa1

14,055 Posts.

395

12/06/15

17:07

Post #: 15458552
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Originally posted by PoetPlus ↑

Everyone here should be very pleased.
..as I said this morning... the next step would hopefully be the MLEM Talc Lake results which ideally will show a string of conductors right along strike. Significant conductors too.
It does.
How good are these guys!!
1. Just because they do not go overboard with their adjectives, that should not fool anyone. Read and study the announcement. Look at how Hootan North is developing out of nowhere .... originally called "The Northern Extension" .. a bit boring but all MPJ naming is.
2. It looks like a couple of those deep historic holes I mentioned to the NW within E28/2117 have intersected disseminated nickel. (CRHA0463/0458). Perfect! 12m @ 0.5% Ni,(no depth for actual intersection) plus indicating copper which they say is in the core as well. What is disseminated can be precipitated.
3. The Talc Lake strike (so far) extends discontinuously over 9km !
4. At North Hootan the conductor appears to split into two branches in a fork.
5. Cannot seem to relate the Plunging Plate conductors (from DHEM on 4,5, (6) ) with the MLEM??
6. All the Talc areas seem a bit further north than what one might have expected, and not as far east, but then that can be a bit deceiving. Puzzling though.
7. Looks like The Great Southern Anomaly is still an unknown as the current field work did not cover it.. although it is planned to be done at some future time. This is way enough anyway, without complicating things with that area I guess.
8. That C1 conductor is now modelled out to 2.5km from 1.3km long... plus some additional conductors to the east of it.
9. Of course there is probably the NiS hanging-wall zone previously modelled over some of the basal contact cross-sections (see the Investor Pres.) To what extent this masks or indicates any major deposit (if such exists of course) remains to be seen.
10. As I anticipated in this morning's post, it looks like MPJ are keen for more DHEM, and stratigraphic traverses to further refine the modelling... especially at this enigmatic North Hootan which is shaping up incredibly and yet little is known about it.
11. Conductors are called "significant". If it was thought that they were some sort of conductive overburden as they found at FR, then they would have again said so. C1 has been called consistent with a NiS deposit by Newexco.
It is clear why they engaged Sarah. I mean to model all this in the classic Kambalda-style takes very very specific knowledge and not from Wiki... from experience!!
A lot of modelling to be done now. Re-modelling. Iterating towards an optimal Solution.
So... what are these conductive targets?????? Big NiS embayment deposits? Shale. Graphite. Iron sulphide. Old car bodies.
My bet is firmly on NiS. Hopefully shiploads. But nothing is certain in speccies.
If there is any real question to consider it is ... is any deposit going to be economic.!? That is in the lap of the gods....
So much depends on accurate conductor geophysical modelling. The market can do what it wants with the SP ... the lower the better for bargain hunters like myself.
Another big step forward. If the rest of Roe Hills is similar then fun times ahead.

Good luck to everyone. PP

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I reckon you may end up with a heart after this stock Poet, I have followed you since the early days of AVB and imo you would be getting very close to the magical number now with MPJ to add to the list.

Always great to hear you thoughts mate.

Being so close to Kal I am sure the whispers around the bars will start if they get a sniff of Nis in the cores.

Cheers

MPJ Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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