The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This may be of interest, from the PorterGeo database, we could see one, all, or none of these:
"There are three main ore types developed at Noril'sk and Talnakh. These are:
i). Disseminated sulphides within the differentiated gabbro-dolerite sills, principally on the lower margins of the mineralised sills in the taxitic and to a lesser degree the picritic zones. They occur as droplets, schleiren and fine sulphide veinlets, forming sheet like conformable bodies up to 40 m thick and comprise combinations of chalcopyrite, cubanite and pyrrhotite with troilite and pentlandite. Grades average 0.5 to 0.6% Ni, 0.6 to 0.7% Cu, and 5 to 6 g/t PGE;
ii). Massive sulphides found principally on the lower contact of the mineralised sills, both within the enclosing rocks and to a lesser degree the sill, and are often separated from the sill by several metres of barren sediment or cupriferous mineralisation. Sometimes they are also found on the upper margin of the sill. In other locations the massive sulphides cut across the sill to its upper margins. The massive sulphides are divided into either pyrrhotite, cubanite or chalcopyrite types, depending on the dominant sulphide, with associated pentlandite moihoekite and talnakhite. Individual massive sulphide bodies may be up to 60 m thick as at Oktyabr'sky where it cover an area of 3.5 sq km. Grades vary drastically with the sulphide assemblage, but are of the order of 2.8% Ni, 5.6% Cu and 15 g/t PGE. There is evidence that the massive sulphides post date the disseminated sulphides; and
iii). Vein disseminations of 'cupriferous' ore which are found below the massive sulphide, between the massive sulphide and the lower margins of the sill, and within sediments on the upper margin of the sill, often associated with zones of 'skarn' altered brecciated dolerite and marl/argillite. They may be 10 to 20m thick. The main metallic minerals are pyrrhotite, pentlandite, chalcopyrite, cubanite, millerite, pyrite, magnetite, bornite, chalcocite, etc."
PS: Schleiren is banding of mineralisation, a bit like we saw in the photos of "f*d up rocks".
Skarn is rock changed by hot, chemically active fluids migrating from the intruding magma, and can be used as a 'pathfinder' to an orebody. Disseminated sulphides can occur as a 'halo' around a massive sulphide deposit. This halo can extend as much as 100m from the orebody, and can sometimes act as indicator of proximity or direction to the orebody. This is one reason KAV are drilling to a TD of 650m, when the orebody is between 525-575m - the kind of mineralisation and alteration of the rocks either side of the hoped-for orebody could provide a 'pathfinder' or 'pattern' to help location of future orebodies.
Massive sulphides are visually very obvious, but other kinds of mineralisation may not be. For example, 1g/T Pd will not be visible to a trained geologist with a hand lens, will not show up on XRF, and is unlikely to show even if they cut a thin section for microscopy. Pd is currently $US 2160/0z. 28g per oz = $US 77 per T value for the ore, even without anything else. That's why I keep saying even if we get a 50m intercept of visible massive sulphides, the market may not fully respond until the assays are in.
Yes I think if nothing visible intercepted potentially will just say for will be cut and issued for analysis.
Hopefully they will see visible copper if it is what they believe it is.
Atb
If KAV do not find anything obviously exciting, do you think they will actually say so, or more likely go for a non committal RNS, which simply confirms that TD has been reached, core successfully collected, and assay results will be released in due course, plus the obligatory Mindea have done a fantastic job?
Well put Boaty
If we get positive news from all 3 areas then holy Moses this is going to be one hell of a ride!!
I agree with Fukurokuju79, the share price is so low given the potential. Their Market Cap is laughable, given the findings so far and future projects. What I really like that often gets forgotten is the amount of work and modelling that went into project, before the drill was even spinning. Now whilst pre drill modelling and surveys are normal this day and age, what Ben has confirmed on multiple occasions is that what they are seeing is what they expected (so far). This provides me with confidence that they have a high chance of finding a commercial discovery sooner rather than later.
Speculative plays take many different roads, some hype massively before results, particularly in Oil exploration - 88E is an example of that this time last year. Some remain under the radar and not illiquid until a big press release, the share price then explodes as everyone wants a piece. This is going to pop as soon as Ben can prove something of value.
This year my hope is Kav will be gaining far more attention, liquidity will improve and we will all be laughing at when the share price was trading between 5-6p. As with most Speculative plays this could be a life changer, the difference is here if you are happy to hold for a year we got multiple goes at it!
*peace
Yes, interesting to note the sp compared to when we thought news was imminent before Christmas. Greater caution from investors? Whatever happens, I'm holding. I agree with the narrative that even if this drill is disappointing, it will help inform future drilling. Also, it could be a while before the results from this drill are fully understood - but for piece of mind I hope we have good news this Friday or by Monday morning! ATB everyone.
Shareprice has factored in pretty much nothing ATM though. Certainly not any potential success. Despite the PR and despite being in the right postcode (bots and Namibia) will be and are beginning the new frontier for discoveries over the next few years IMO.
Yep loads of news due Metalhead....
NiVig... Yes exactly my point too.
Can only wait really with it all crossed
Also the long winch DHEM on hole 2 in target area A!
It’s all based on BT’s announcements. Also when calculating the before Christmas. We can not do anything else than use his own estimates. With the current: 410m Friday averaging 20m per day. Again - his words
Metalhead, yes it's all based on best guess and realistically no one can say an exact day with confidence as stuff happens.
That said we know the Company estimates it will intercept the B1 Conductor between 525m and 575m. We also know they were at 410 and drilling approx 20 metres a day several days ago.
So I think we can make fairly informed opinions now (albeit still am assumption) that we will hit the estimated depth of any potential conductor@ 525-575 at the earliest the very end of this week but for my money over the weekend or early next week.
It's certainly days away not weeks, all being well with the drill.
Sadly we can not be as sure on what they find but worse case is it's not what they theorise and we move to one of the various other targets.
We also have much other news due very soon so other than the obvious b1 drill updates I think we can expect...
1. petro/assay soon from first drill cores
2. news of a potential second rig and drill plan... Maybe to the GRS?!?
3. After this hole - rig mobilisation to ditau and associated news/pr
4. further analysis of the GRS
Even if it's not what we hope on this drill the news and targets are incredible here right..
Exciting times ATM whatever happens on. this drill but I've got it all crossed
Atb
So could be looking at Thursday intercept, Friday news, if progress steady. On the other hand, we shouldn’t pin too much on such a prediction - got to remember in December we got to a point where everyone on the board was convinced we must have long since reached target depth, and then it turned out we were at 325m…
490m today!