Ann: Morck Well JV Update, page-6

G'day K, F and W.

There is enough info in this report to have me change my avatar from a sleeping Homer to an awake SM.

It's a September quarter update with info no doubt supplied by SFR.

Yes W, where are ACs 424 and 758? Near the RCs in the NE section or in the ACs in the SW section? Both hit the copper at shallow depths, with 424's 1m starting @ 26ms and 758's 10ms starting @ 35ms.

This is an absolute guess, but I'd say they are in nth east section. The reasoning? That's where the RC focus has been, and soon to be DD'd too. NB to that all RC holes are to be DHEM'd.

There are 2 DDs planned. One is designed to test a small off-hole conductor, modelled from a DHEM survey of DD1. The other is designed to test about 300ms beneath RC1. Have a look at page 3 in this report 20/7. See what you fellows can come up with! My reading, also recollection, is that no conductor was detected - until today's news that is. So they did some modelling to find it? https://www.asx.com.au/asxpdf/20180720/pdf/43wn6lpzxww5m3.pdf

My reading is that where the massive sulphides were first hit - ACs 109-112 - is the focus of attention, either still the focus or back to it.

I don't think that it's a coincidence that the buying strength has returned today. My guess is that it's the same buyer who has been cleaning up the recent sellers.