MLS 5.00% 1.9¢ metals australia ltd

why doom & gloom? addendum!

  1. 56 Posts.
    1) I came up with 46km2 of mineralized area by multiplying 20km x 2.3km - twice the presently reported explored area. For the exercise, I meant to double the width rather than the length to guess on a mineralized area within the tenement of 10km x 4.6km to more reflect the radon cup area of apparent mineralization (= 46km)
    2) I gave a quantity for U @ 1ppm for this area - which is obviously not a large quantity / not economic.
    3) I then used a figure of 450ppm U overall which is a good deal LESS than the limited area of the high grades given in the announcement, but no doubt a good deal HIGHER than the average grade over the area reported; which unfortunately doesn't give ALL results ......

    If we knew ALL results, rather than just the spectacular ones, we could calculate the overall grade of the area explored so far - the exploration of which has been disappointingly slow - still hand trenching 8 months since the radon cup relults were released .......

    Hope my 'back of an envelope' calculation is seen as just that; but, as I wrote, I'm not selling yet

    Col8
 
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