RE:RE:j kaiser on SIR and FEXAfter I saw ARIMA11's comment about there not being much info or chat on SIR, I thought I'd share what I heard.
Rumour out of Beaver Creek last week was that the visual assessment from logging the core was that they drilled 2 - 4% Cu over ~100 m (~330 feet) interval that ended in ore, which is why they left the casing in place. If this rumour has any substance, this is significant because the resource for the PEA was 0.41% copper, which suggests that the grade has is 5 to 10x richer.
I speculate further by noting that the PEA Central Zone resource also graded 0.39% gold, so I wonder if the gold grade gold has increased proportionality also? There was also a silver kicker too.
These things combined might explain why they've hired SRK to redo the resource after only a handful of holes - there must now be a more defined high and low grade domains that can be modelled and a updated interpretation. Plus, the PEA mineral resource was ID3, so hopefully they will use a more robust method for grade estimation in the new resource, which I believe is expected in Q4.
Anyways, just the rumour I was told, but was enough to get me into the stock last week.