They have drilled 4 holes based on areas with magnetic lows and conductive highs. So graphite or kimberlite. They have not found massive sulphides as the IP survey would be able to differentiate that.
They have obviously found kimberlite in at least one of the cores; enough to hire an expert in diamond exploration.
There is no mention at all about graphite results. So really, it is status quo, and the SP reflects this. The simple fact is that lab results are not in.
THe volume shows that there are no leaks. If labs/visuals were leaked, we would see much more volume. Right now daily transactional $ of $50-70k are just speculators exisiting this play as it will take longer for this to either die or pop.
What do you all think?
Read more at
https://www.stockhouse.com/companies/bullboard/v.xme/xmet-inc#ovZTecSoocFEB2hp.99
They have drilled 4 holes based on areas with magnetic lows and conductive highs. So graphite or kimberlite. They have not found massive sulphides as the IP survey would be able to differentiate that.
They have obviously found kimberlite in at least one of the cores; enough to hire an expert in diamond exploration.
There is no mention at all about graphite results. So really, it is status quo, and the SP reflects this. The simple fact is that lab results are not in.
THe volume shows that there are no leaks. If labs/visuals were leaked, we would see much more volume. Right now daily transactional $ of $50-70k are just speculators exisiting this play as it will take longer for this to either die or pop.
What do you all think?
Read more at
https://www.stockhouse.com/companies/bullboard/v.xme/xmet-inc#ovZTecSoocFEB2hp.99
They have drilled 4 holes based on areas with magnetic lows and conductive highs. So graphite or kimberlite. They have not found massive sulphides as the IP survey would be able to differentiate that.
They have obviously found kimberlite in at least one of the cores; enough to hire an expert in diamond exploration.
There is no mention at all about graphite results. So really, it is status quo, and the SP reflects this. The simple fact is that lab results are not in.
THe volume shows that there are no leaks. If labs/visuals were leaked, we would see much more volume. Right now daily transactional $ of $50-70k are just speculators exisiting this play as it will take longer for this to either die or pop.
"They have drilled 4 holes based on areas with magnetic lows and conductive highs. So graphite or kimberlite."
- They've said from the begining that they want to prove up "what" they have. So it makes sense that not all drill holes on the graphic are in the same response zones. But I can't see how one can determine that Graphite and Kimberlite are the "only" resources down there.
" They have not found massive sulphides as the IP survey would be able to differentiate that."
- Based on what info released can you base this on? We don't have the IP data nor have they drilled enough to even get a sense of quantity yet. All we have is a graphic. Some of the response zones are huge. So I would say we don't have massive anything right now, at least not yet.
"They have obviously found kimberlite in at least one of the cores; enough to hire an expert in diamond exploration."