Ann: Further drill results at San Jorge Island, page-23

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AlCp

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26/02/19

14:05

Post #: 37572225
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Originally posted by geo_au ↑

Originally posted by AlCp
Like I said, they should have done further drilling at SJ 2+ years ago to see if they could find better grades but looking at the 2 recent results, it looks like the norm is 1% on the surface and 1.5% deep, Kolosori nickel grade is 50% better, depth is 50% less on the surface and deep, and thickness is 50% better. So facts don't lie, no matter what spin you add.

And there is a huge price difference in 1% (SJ) compared to 1.5% (Kolosori) nickel grade, and 1.5% (SJ) and 2%(Kolosori) and also operation cost if they mining less than 50% depth on the surface and deep, the 50% thickness means the JORC resource and reserve would be a lot higher. So facts don't lie, no matter what spin you add.

So you reckon they should have started drilling on SJ 2 years ago. The question is why didn't they? Simply put the Mines Minster failed to issue a ML and as you know he was corrupt so it didn't make sense to drill without a ML and incur costs not knowing if a ML would ever be issued. If they did you and others of your ilk would have been the first to complain that the company was wasting money drilling on a tenement they don't own as you have already said with K. It's called double standards or damned if you do damned if you don't.

Again you don't understand what you're talking about. The average grades at K was 1.1% and 0.9 at SJ. However, since recent drilling, the grades have proven to be the same as K as per the latest chart. Also at much deeper depths grades are 2 to 3.5%.

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You are meant to drill when you have a PL that isn't questionable...
And I totally disagree, the 1st drilling result at SJ were crap and there was a lot of argument about it, this latest 2 results has confirm it's crap, hence the plan was to blend SJ with the Kolosori to make it a viable operation for SJ, if they were good, do you think they will have issue getting funding and the pps will be this low.

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Ann: Further drill results at San Jorge Island, page-23

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