Broker report for ADT, page-75

Hi Binwood,    

I didn’t see a headline average ZnEq figure. I’d be cautious about using a simple average as the lower high grade component appears to makeup around majority of the volume of mineralisation.  

Using a basic length weighted average of the table in the report gives a ZnEq of approx. 34%!! With about 123m (21%) of the drillhole metres in the upper zone and 464m or 79% in the lower higher grade zone. The previous figures exclude any other drilling reported, as I haven’t got the time to collate them! Though would appreciate it if someone does as this would provide better guidance!! 

Of course using averages is fraught with issues but certainly provides a good guidance at this stage of exploration. Good book on the subject is called “The Flaw of Averages” if anyone is interested. 

Y
DYOR