Some more weak hands gifting strong hands again today.
I'm expecting some nice results from Kelly North and possibly some link up results just south of Kelly North. Also a variety of results/info from 727 in preparation for the planned mining.
We should see results in 2-3wks. They will definately be revealed during March. Manus results should be a matter of weeks after with a bit of luck.
These next Kelly results should be enough for our initial JORC which I expect to be released around the end of financial year.
Depending on BMGS's workload, a JORC in may could be possible. With the very shallow mineralization and continuation of KN, the resource will be upgraded several times I believe. The initial resource no matter what the size should please most.
Don't forget it will be for approx 3 tenths of the length of the 1km Kelly area for starters. Seeing that BMGS did the estimate for 1km and KN is considerably higher in grade, 30% of the estimated resource should be our base for initial JORC. I dont like guessing as most the time we are all wrong but i expect it to be a bit over 30%. On what grade cut off i'm not sure yet.Likely to be .5g/t. Might be clearer in a few weeks time.
This is a strong spec buy IMHO only.
Congratulations to those who have snapped some up at .4
Scorp
PRE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held