MRF 3.17% 6.1¢ mrl corporation ltd

Ann: University of Adelaide to confirm commercial viability, page-19

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  1. 1,066 Posts.
    They do NOT have a JORC defined resource and that topic has been covered on the threads here a number of times, I think an ann or preso back in 2014 explains why this is the case - and though my memory is always hazy I believe it is to do with the nature of graphite in veins and the prohibitively expensive nature of it. I'd imagine the MC would be a lot greater if they had the resource defined. They did buy in their own diamond drill rig, not sure that I've seen any results from that as of yet? Maybe they havent had much success with the program? but sure if you want to scare folks off and drive down the SP go ahead and talk about resource estimates haha
 
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