The company has stated the JORC is going to cover the 1000m strike to 600-700m depth and the width is somewhere between 100 and 200m. They have also stated the density to be around 2.5.
So:
1000 x 600 x 150 x 2.5 = 225Mt
The grades are the question....
Must remember it's open to the south and may run into Pelican some distance away. Also to the north the deposit is suspected to fault 150m to the east and the strike there could be another 1000m. High grades are being discovered at depth wher it's still open. This JORC will just be an intial until they get the diamond rig drilling deeper and stepping out to the south and north.
(Note: depth has been claimed to be 700m but recently they stated the current resource drilling was to 600m for some reason.)
KMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
