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Ann: Drilling Update Carr Boyd Nickel Project, page-16

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Uttsy

990 Posts.

26

02/11/17

15:33

Post #: 28443513
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Originally posted by Steepascent ↑

Sorry folks don't see too much positive in this announcement.

Pre drill I believe the hypothesis was that an EM anomaly located in the expected basalt contact area could be a significant mineralized zone. This was not the case as they misinterpreted where the basalt contact area was and what was causing the EM anomaly was the sulphide black shale within the basalt layer, this is why they kept the drill bit turning well into the basalt layer to find out what was going on. The fact the basalt layer was shallower than expected was a killer because the whole hypothesis went to sheet. Not surprising there was excitement that nickel and copper sulphides where appearing so early in the drill, they were expecting the mother load but instead hit the basalt layer.

I'm out!

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Amazing isnt it, directors sell the project to ESR, hype it via half drilled holed, raise a large amount of money, release results and shares dumped.

Directors rid themselves of a project they probably didnt want, now have more shares and control over a cashed up ESR.

ESR Price at posting: 3.1¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $12.72M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	142857	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	100000	1

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No.	Vol.	Price($)
4	11258730	0.006
14	13281349	0.005
4	2375001	0.004
10	9930684	0.003
6	9015000	0.002

Price($)	Vol.	No.
0.007	11109942	13
0.008	870378	4
0.010	2773960	3
0.013	5000000	1
0.015	800000	1

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