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3.6¢ northern cobalt limited

Ann: Stanton Cobalt Resource Remains Open in Multiple Directions, page-9

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Jskl76

246 Posts.

118

07/12/17

09:16

Post #: 29440505
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Originally posted by ferrisb ↑

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.

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0.137% average grade..... not good?? What is a good average grade then? Give me an example in Australia please?

N27 Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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