MRD 0.00% 0.1¢ mount ridley mines limited

10,000S is a damn fine conductor. Yes it could be a range of...

  1. 407 Posts.
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    10,000S is a damn fine conductor. Yes it could be a range of things other than massive sulphide, and yes massive sulphide doesn't always contain nickel.

    But, all other sulphides hit to date have nickel based on the past releases and this anomaly is so close to the hole right in the middle of the intrusive with reports of sulphide above and below. Simplest explanation is that it is MOST LIKELY massive nickel sulphide, albeit a very small slug of it. Only drilling will tell us what it really is.

    Why is that important, even if it is only small?

    If it is massive nickel sulphide, albeit a small slug of it, then MRD will be only the second company to find any on their project in the Albany Fraser. We all know who was the first. Will give a massive boost to exploration efforts. Lets just hope there's more of it down there somewhere and that they find it if it is there.

    As for the placement, who knows. I doubt they'd be that transparently and blatantly shifty as to let investors buy at a discount knowing there was an anomaly ready to be released - particularly after the latest company brouha. Dumb luck would be my guess. If this hole had come in like all the others (and like the top half of this hole did to 620m - only 30m above this anomaly) with zip in the down hole EM, then everyone would be saying the buyers at 0.005 were suckers. A few on here WERE saying anyone buying were suckers (you know who you are ) at any price. Good luck to them, and GLTAH. DYOR
 
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