SVY 3.85% 2.5¢ stavely minerals limited

IMHO they do not have a high confidence of where to look next,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,376 Posts.
    lightbulb Created with Sketch. 2614
    IMHO they do not have a high confidence of where to look next, as hole 44 has asked as many questions as it answered.
    Next to those block diagrams was the following commentary........

    "*Therefore with the NS Structure shallowing to the west at depth the porphyry had to be 'under' it, on the EAST side." (bold mine).

    So just last week, with all they knew, they expected to hit the porphyry on the EAST side, but didn't!! They found nothing on the east side at depth. However they DID have a good find on the WEST side of the NSS, something totally unexpected!!

    IMHO before they drill hole 45, there needs to be a NEW interpretation of what is happening underground. They are going to need all the assay results from the current hole to plug into their model for planning hole 45.

    From what I can work out, the current model has the porphyry intact on the east side of the NSS but further south and deeper than they had previously looked. With the current find on the west side of the NSS, it raises the possibility that the NSS has split the porphyry with the part on the west, deeper on the west and south, while the other part on the EAST of the NSS is a lot further south. Or perhaps a different interpretation altogether, but definitely not what they were thinking last week.
 
watchlist Created with Sketch. Add SVY (ASX) to my watchlist
(20min delay)
Last
2.5¢
Change
-0.001(3.85%)
Mkt cap ! $15.40M
Open High Low Value Volume
2.4¢ 2.5¢ 2.3¢ $34.90K 1.489M

Buyers (Bids)

No. Vol. Price($)
3 663702 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 1035229 2
View Market Depth
Last trade - 15.59pm 22/11/2024 (20 minute delay) ?
SVY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.