I haven’t followed the drilling program as closely as I’d have...

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Mossberg

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04/10/18

09:04

Post #: 35988243
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Originally posted by Cashmeoutside ↑

Agree, news flow has been lacking. I don’t hold high hope for material results at A4.

Hole 3 which is the only real material hit made thus far (that we know of) was mosty just a high grade vein (15m at 2.9%) the remainder of the 52m intercept was sub 1% which is probably sub economic for UG mining unless the widths are there.

There was nothing but the NPF hit on hole 4 (50m north of hole 3) and hole 5 (150m south of hole 3) - this shows the widths aren’t great (Norh-South) but it is heading west through to hole 8.

Hanna in the recent video was more excited about the learnings to be used as a ‘template’ to drill other zones rather than the results itself and he said at the end I think we can start to look beyond T3 and beyond A4 (before its even started?).

In saying that they have added rigs and they would only do that if they were excited about what they’re finding. I also don’t think it’s crucial for a hit at A4 though it would be good for short term SP performance and to bring in buyers which is really lacking. T3 alone should see the SP bag IMO...I don’t think people are really considering what impact the recent upgrades (to reserve size, reserve grade and plant throughput) will have on project metrics.

I’ll be looking to see the continuity of that high grade vein system (15m @ 3.25% CuEq) - even if we can pick up a little 10mt resource at those high grades would be very handy.

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I haven’t followed the drilling program as closely as I’d have liked, but I agree delayed results often tend to disappoint

On the other hand, I wonder if assays are being timed to coincide with the LSE listing this month. Thoughts?

MOD Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
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I haven’t followed the drilling program as closely as I’d have...

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