PEX 0.00% 11.5¢ peel mining limited

Ann: Large-scale mineral system at Wagga Tank confirmed, page-43

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  1. 1,739 Posts.
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    Hi Nij & All

    Appreciate your view regarding the frequency of reporting ergo extra fresh results, etc

    So with such thoughts in mind it is good to know that the recent report is only a snap, a small percentage of the lab detail to come, as Rob has recently detailed.

    I understand that some may wish to hear about results quicker via the use of XRF in the field.
    We’d probably guess that this should be the case and be feasible, however technically the real reason XRF isn’t reported as often is due to it...

    A/ being good but not preferable with RC as the minerals are pulverised when drilling and it works better, on only some minerals...

    B/ with Diamond drilling this produces solid core so XRF is less accurate or acceptably close to accurate, and that’s why it isn’t reported as such crucial results, will be quite misleading.

    Rob mentioned this some months ago and he is maintaining professional standards, highest by reporting reality, instead of just approximation.

    As there’s lots of diamond and RC.results still to come we can look forward to interesting and true detail. therefore decidedly b better informed.

    This methodology is a much safer scenario for shareholders as a result.

    I don’t want to receive any grey results that need added cost in their reworking, to then suffer or table the bad news in any damaging downgrade.

    In taking an investment position in this  better circumstance it’s important to know that risk is  removed, thus avoiding potential uncertainties.
    Best to all
    Sarg
 
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