re: Ann: Nickel Sulphide Diamond Drilling to ...
Potentially a lot of things could happen...
Check out the market update "Assay Results Confirm Nickel Sulphides At Mt Thirsty"...
That announcement came out in August...
Now in jannuary they claim the found cobalt, nickel and Manganese...
So why release an update 8 months later telling us the same thing...
Also note this bit in the announcement on page 2. I quote "Although economic nickel sulphide mineralisation has not yet been intersected...".
BAR was 18c before this announcement...
It basically means: In Jannuary we told you we are sitting on a massive chunck of resources. 8 months later they are saying: Well we did some digging but haven't found anything yet that can be mined...
Ever after this announcement the SP went lower and lower...
The drilling map they attack to some of their announcements look like a slice of swiss cheese... Holes everywhere...
I don't know how they coun't the drill numbers but it goes up to MTAC363. So they have been drilling 363 holes?
Look I am no mining expert, I just try to make sense out of all this.
They only thing they found so far was a 6cm wide massive sulphide fragment...
Now does 6cm sound massive to you? I don't know...
But please if I read something the wrong way help me out. All I can use are their announcements...
Take care
BAR Price at posting:
9.6¢ Sentiment: ST Sell Disclosure: Not Held
