LEG 0.00% 1.3¢ legend mining limited

what a ride, page-15

  1. 8,602 Posts.
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    Hi (barnsty)

    My thoughts as well about a retrace to fill gaps.

    A lot of the share holders are getting too carried away by hype with no proof of a resource of any significance at this stage.

    Not saying there will not be a good iron ore resource.
    People need to calm down and wait for drill results first.
    Rock chip samples for DSO are not good.
    Only 22 of 230 rock chip samples returned +50%Fe.
    Drilling of 15 holes for 707.66m.Only returned poor Itabirite thicknesses and grades that are not sufficient to be economic.

    Chip samples/trenching are usually a good indication of a DSO cap below.The 15 holes obviously found no cap at the location of the drilling.

    Again,not saying there will not be a good overall resource from the tenements.

    Regards
    Westcott.
 
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