ICG 20.0% 0.6¢ inca minerals limited

G'day Dr.J. and other holders. It was good to see todays...

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  1. 5,536 Posts.
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    G'day Dr.J. and other holders.

    It was good to see todays announcement and I read with great interest the word "veinlets"

    In my post on the 16th Feb in answer to Grubarura, post 31100956, he and I were discussing that we did not necessarily have to have a big strike in order for us to have a very economical mine.

    This I gleaned from you a fair while ago from your HC posts, and shareholder emails, that you wanted to see multiple "veinlets" which if numerous enough could add up to rich ore from the site.

    Did I understand you correctly on this point about veinlets, and could you please expand upon that, because, I think that many holders and other readers out there in the market are missing this important fact? I think that it is one of the main reasons that the market just does not seem to react positively to ICG's news. I think that they are expecting huge veins of very rich ore and don't appreciate the importance of the veinlets.

    In the announcement today, I think that that is the first time I have seen veinlets mentioned in that context.

    In the last two questions and answers at the bottom of the report this is mentioned quiet clearly.

    Below is the crux of the posts between Grubarura and myself.

    "Grubarura.

    My understanding has always been that we are looking for an economical find that may be around 2 to 3% over a big tonnage.
    This would probably comprise many spider type veins, between richer veins of higher grade, but smaller thickness, to make up a satisfactory grade per tonne."

    Regards

    Lockitt
 
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