I offer no advice.The sale got the dredge off the site and far...

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raiderup

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14/12/18

22:28

Post #: 36866647
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Originally posted by raiderup: ↑

" What was the point of telling us this, I don't see how it's relevant to making us money. "

Mate ,SER's SA permits have deep cover, its very hard to see what's underneath the cover, with any " conviction " with the available tool set at our current disposal, joining this collaborative IMO, is a good move for the obvious reasons, it should lead to better data for drilling the IOCG prospects ,given some time and patience .

http://theleadsouthaustralia.com.au/mining-resources/south-australian-geologists-drive-revolution-minerals-exploration/

https://www.geologyforinvestors.com/iron-oxide-copper-gold-iocg-deposits-of-australia/

I very rarely give investment advice, your post tempted me to do so , but after a couple of stellas , I've changed my mind.

The JORC announcement for Jangardup south should give you the result your after, even more one would think, when they press the go button for mining it.
Talk about chalk and cheese , the minerals sands are right near the soil surface, while the IOCG deposits are in most cases deep down .

Stuart Rechner is impressing me with moves like this , and that takes some doing.

Raider

PS - Troy mate, you flatter me, if I really knew what I was doing I'd be dangerous, but if SER could jag a deposit such as bhp did at Olympic dam valued at US$ 1,000 billion, now where would SER shares be at?

Its 38 degrees here in Perth, now where's that stella?

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I offer no advice.

The sale got the dredge off the site and far from view. It left BHP with a clean slate and an easier clean-up job – something it had to do under its mining agreement.
The sale also made it absolutely certain that nobody else could buy the project as a going concern, taking over BHP’s environmental clean-up obligations, and having a fresh go at mining Beenup.
One theory put to Dryblower is that the real problem with the pyrites lay in the depth at which the dredge cut the sands. The orebody’s richest pyrites lies in the bottom 4m of the sands. A new owner, working off a lower capital cost base, might have been able to make a commercial success of Beenup by just cutting the top layers of ilmenite.
https://www.miningnews.net/dryblower/news/1191118/dryblower-dredges-beenup-saga

Raider

SER Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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