RE: RE: The Morgan Report / November ...
No price targes but obvious he likes it a lot. Describing the actual situation and pointing out Chandgana ... Wellgreen, where we know that 4 holes are about to be released very soon, he describes as follows:
"In “investor-speak” we’re looking at about 150 Mt of 1
gram platinum which can be further simplified to
approximately 5 Million ounces of platinum. As you read
above this is a conceptual target, in other words the
proverbial blue sky. However, the most recent drill holes
make this concept ever-more achievable. The company
just reported the following results: Prophecy Drills 496.06
meters of 0.596 g/t PGM+Au, 0.27% Ni, 0.18% Cu,
0.02% Co (0.45% NiEq*) from Surface at Wellgreen,
Yukon (https://tinyurl.com/26pjakj). Having been on site
and knowing that the current 50 Mt resource is situated
within the first 50 meters from surface, wide open at
depth, coupled this latest drill holes being step-out holes to
the East, all of a sudden the above target numbers from
Wardrop don’t seem unrealistic. PCY drilled a total of 6
holes in the last campaign and the remaining 4 drill holes
are yet to be released. If they produce comparable
intercepts, Wellgreen will be well on its way to rival other
established platinum-nickel VMS deposits in Canada and
USA."