@Fatcats it should not take any longer than 2 months to do a maiden JORC compliant resource estimate post receipt of final drill assays.
- 3 weeks to finalise wire frames and select appropriate top cuts and search elipsoid parameters and estimation methodologies and run the initial estimates.
- 1 week to do some validation checks of the model comparing blocks grade correlations with drill assay data.
- 2 weeks to maybe run some additional models using different estimation parameters to see whether you get a more accurate estimation in respect to grade distributions.
- 2 weeks to finalise the selected model and finish the associated resource estimate report.
The above are very generous timeframes and as such the delays we are seeing from the Peel management team are not acceptable.
If what you imply Rob is comprised via his other engagements then shareholders need to unite and move him on as every delay is destroying value and not creating it as time and opportunity costs are both expensive and not providing any form of return on shareholders capital invested.
ROB - I HOPE YOU ARE READING THIS AS YOU NEED TO STEP ASIDE.
- Forums
- ASX - By Stock
- 36c Rights Issue
@Fatcats it should not take any longer than 2 months to do a...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.91M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89603 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 8500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15656 | 0.435 |
1 | 25000 | 0.430 |
1 | 12000 | 0.420 |
3 | 48000 | 0.415 |
2 | 100500 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 18788 | 1 |
0.455 | 4859 | 1 |
0.460 | 12349 | 1 |
0.465 | 36629 | 2 |
0.470 | 2000 | 1 |
Last trade - 07.00am 02/12/2024 (20 minute delay) ? |
Featured News
PEX (ASX) Chart |
Day chart unavailable
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online