MEI 3.16% 9.2¢ meteoric resources nl

Ann: Maiden Drill Program Completed at Mulligan, page-9

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  1. 1,096 Posts.
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    My take . .they are being ultra conservative around showing the cores and the analysis of the cores by visuals. That's pretty much it. Normally a miner may show core after core after core with visual opinion of what is in there . . leading to the stock ramping or dropping. This is a clear "we guess commit anything until we get firm assays so dont speculate "

    Why? My personal opinion is that it is because it is the first drill at a major site and they want to get it right . . not just for the spectators like us but the big JV and potential buyers around them it would be very embarrasing to say "the visuals are great!" then "the assays are a duster"

    Also . . at Tisova, Tunks last site, that's what kind of happened. The ground was great, the visuals were pretty good and had cobaltite etc etc . .but the results in the assays didnt match what was on the ground or in the visuals.

    So .. best be very conservative till you can be absolutely sure...
 
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