MEI 1.08% 9.4¢ meteoric resources nl

Gambling on the Drill Bit, page-28

  1. 1,096 Posts.
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    It's like a gamble but you can see a few of the cards already in the deck . . .

    What could possibly go wrong?

    - the Cobalt may be already dug out - In 1952 alone 1.5m pounds (what is that in tonnes?) was extracted from Ontario area.
    - those big polymetalic zones may be another element and the cobalt stringers may be too small to care about even if they are high %

    What could go right?

    - All the ground test strong for average above .3% and the key polymetalic hotspots are in the 1%+ range = great for an open cut.

    But, again it's a gamble with some historical evidence to back it up
 
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