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That figure of 250K for sale at 81cts is interesting. If I have 250k for sale, why show it all out at once if I intend to get a good price for my shares?
It would be more beneficial if I release them in smaller parcels unless I want to frighten the buyers for whatever reason with a huge showing.
I wonder how they work out the JORC est.
I presume there must be a certain criteria before the strike length, width and depth can be included in the calculations.
Hence it is possible for a shorter length, depth and width to be allowed into the calculations which in no way diminshed the fact that the mineralisation is still open at depth.
It is just that a greater figure cannot be used for the JORC calculation for lack of more certain info.
Any expert in JORC out there?