At initial glance, the latest drill results don't look great.
> A lot of the intervals are quite narrow
> None of the holes are showing mineralisation at max depth
> Grades look lower then prev holes (although common for explorers to dig the most prospective areas first).
> Of the intercepts noted today, avg grades are 0.137% Co, 0.121% Cu, 0.062% Ni.
On the bright side, plenty of shallow mineralisation
Deposit extends beyond what they thought?
My quick take is this deposit is bigger, but lower quality, than expected.
N27 Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
