MYL 0.00% 7.0¢ myanmar metals limited

Ann: High Grade Copper Mineralization Defined at Bawdwin, page-12

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,193 Posts.
    lightbulb Created with Sketch. 169
    I've seen you say this before @ddzx but I'm not sure I understand. The coy has repeatedly said that the increased JORC is based on lowering the cut-off grade on advice of CSA that the lower grade ore was economical to mine. I'm not an expert but I thought that lowering the cut-off grade where it's economical to extract the lower-grade ore is a good thing because it reduces the amount of waste (ie better strip ratio).

    Also, I think the smart investors who are really going to influence the SP will understand that the deposit has high-grade portions. I'm also sure they'll target the higher grade ore first if feasible because that improves the economics of the project.

    re the focus of the drilling campaign - they've said this is "aimed at upgrading the classification of the open-pittable part of the Bawdwin resource to "Indicated""
 
watchlist Created with Sketch. Add MYL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.