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re: Ann: Drilling Results at Nakru1 Demonstra... My guess is...

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  1. 6,757 Posts.
    re: Ann: Drilling Results at Nakru1 Demonstra... My guess is they are down to 20m or so now, which is $2m or so, not a huge amount to an institutional investor, given the right results And possibly they still intend to hold on to some after the most urgent bills have been paid.

    Slide from recent presentation shows the IP anomaly extends to 800m depth or so, if you include the lighter blue shaded area and possibly could increase the tonnage of the resource by 5-6 times if that became the outline of your resource (more if you included likely satellite deposits). NAK 017 terminated in that zone which corresponded to 0.45% Cu. That's not a bad grade at all with a scaled up resource. But I'm not really sure how well the IP shades will correspond to grades at the lower levels in reality. Possibly its just a a fuzzy halo around the real mineralization - or visual artifact?

 
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