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MT ISA METALS LIMITED (ASX:MET) - announcement - nabanga has more gold, 9556501, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MET
Click for more information
0.00% 39.0¢ mt isa metals limited

osrHave a look at the September quarter report. From memory they...

  1. loki01
    10,469 Posts.
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    16/01/12
    20:08
    Post #: 9556501
    osr

    Have a look at the September quarter report. From memory they said that they had average grade of 5.35 grams per tonne over a 3.7 meters width, and 3.6km strike length (not sure how deep that was - 60 meteres?)

    This latest announcement suggests the depth could be a lot greater than 60 meters and that there is a lot more strike length (another 4 kms).

    My bet is that they will come up with a high grade deposit of over 400k ounces.

    Nabanga does not look like it will be a big deposit, but its high grade could mean that it would be economical to mine by setting up a small milling operation (say 300-400k tonne pa mill) to produce 50-65k ounces pa for 6-8 years. Just speculating.

    loki
    MET Price at posting: 26.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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