VCN 0.00% 11.0¢ vulcan resources limited

1st announcenent not good 2nd good, page-27

  1. 1,031 Posts.
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    let's look at the second announcement then:

    wide low grade intercepts but the resource so far is only 6Mt!?

    6Mt @ 0.35%Ni ($105/t)
    0.1g/t Pt + 0.15g/t Pd ($6.5/t) PGM grades hardly cover assay costs.
    It's at surface (hill) which is a plus. Need to know a LOT more before you could factor much more in. Grade continuity/distribution, metallurgy etc etc

    The intercepts reported are higher nickel grade (0.7%Ni) but are they in the guts of the deposit? I could research deeper but it just doesn't excite me enough

 
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