Hi Walter, i missed reading the announcement on the day it came out. I understand the little bit of disappointment that massive sulphides were not intersected, hence the lack of a market reaction. However we have been hinted that mineralisation is similar to that of Maibele North which host Ni + Cu + Co + PGEs So even with lower percentages of these if they are all present in assays, will come down to tonnages to be mineable and economic, So the nice intersections from 362m look very interesting. Remember BCL has vast experience over the years with deep mine deposits 1000m+ so a deeper deposit like this would not be a problem for them.
However they will be in no rush to come to a decision to drill out a deposit like this until assays come through. My gut feeling now is all of these anomalies may be related, so we may not see massive sulphides, hope i'm wrong. I'd like to see more large width intersections with high grade cobalt particularly. Cobalt is on the move in an upward trend and would provide significant credits if present.
BML Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held