Post by
Exploration2019 on Nov 21, 2024 9:16pm
Merten vein Rough Resource Calc
Looking at the results released today, looks like the Merten vein probably contains around 7Moz AgEq at an AgEq of 824g/t. Width averages at around 1.74m and silver around 433g/t. Slightly concerned about the voids/cavities, suggests there could be more historic workings than they previously anticipated and more infill drilling on tighter spacings may be required.
I suspect the width and voids likely resulted in some investors selling off on the news today. Pretty disappointing considering the turn around on assays is 6-8weeks now. Personally would like to see more consistent news flow but the company seem to be doing the best they can. Still a strong believer in this project, but slightly disappointed at the lack of traction this is getting and the news management/timing prbably reflects the companies value compared to its peers.
Also, now they have some cash, I really wish they would spend a miniscule sum of that money to update the marketing/corporate deck/website. The website looks tacky and does not reflect a company who is trying to advance a top tier mining reosurce project.