MLS 0.00% 2.6¢ metals australia ltd

Ann: Revised Lac Rainy Exploration Update, page-42

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  1. 3,222 Posts.
    lightbulb Created with Sketch. 151
    "They have 15000m of drilling" to do is baseless.

    They do not necessarily have to do the same meterage of drilling as Focus.

    If a geologist understands the system under the ground, they know where to drill to prove up the resource. That is also discounting any improvements in tech in the 5-7 years since focus was drilling.

    I would be happy if they could prove up a graphite resource that the market values at >$50m without worrying about production, personally. It will take a few good hits.
    Last edited by Beard_of_Zeus: 28/09/18
 
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