NAE 0.00% 0.4¢ new age exploration limited

Ann: Quarterly Activities and Cashflow Report, page-42

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  1. 3,892 Posts.
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    Your previous post was worded differently. It read like you wanted people to think a certain way about it imo. This post is more accurate on that point, but still, it isn't anything we didn't already know, its all been discussed by both sides of the JV in a number of video's and announcements.

    In the end the blue part is not really on its own, that extra drill hole is the most exciting bit with this whole project. The likelihood that the resource just suddenly stops when that last drill hole was such a huge improvement is extremely unlikely to say the least. Its more likely that the resource will grow even further than the current estimations imo.

    As for the study results. NAE announced that they would be completed by a third party in April. And they were. They did not say they would be announced, though Gary would have liked too announce it. You might need to catch up on some HC reading, but Gary confirmed over the phone that due to the resource not being proven the results cannot be announced on the ASX, but he did confirm that they are very happy with what was concluded. See Nod's post from 45 mins ago, he refers to the issue around its release.
    Last edited by Subs: 23/05/18
 
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