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I do worry when he does an update 8-)
Thanks Degrasse
"Does GR is planning a Podcast this week?" - Tomorrow
Yep, looks like we're back to that knotty old problem, news and SH information, pointless asking SK, he either doesn't want to tell us the truth or doesn't know the truth. As I said sometime earlier, either he is being lied to or he is lying to us, can't work out which it is, probably both, I have no idea.
I agree steward but GR has the money to send those samples off for assay so I don't see a reason for not doing so.
Wolf
Wolf/Shiny - perhaps best to refer any questions about drilling and assay results to SK. I would have thought that GR has a whole stack of results to release but SK has placed some doubt on that and we might only see those results related to the limited pilot area.
I think my issue here is that there is no transparency about either a RUS or the DFS. Are we getting a RUS or not? What area will it be based on? Has the DFS been delayed to progress the pilot mine?
If SK is right and we only get 10 mts announced then it looks pretty poor both in relation to expecting something north of 20 mts and in relation to Atlantic.
They drilled 13000mt before starting on the pilot mine area I would of thought the core sample's from the EPO area would have been prioritised.
Wolf
Does GR is planning a Podcast this week?
...and why would you say that is Steward? I mean, if they have drilled the mine area to confirm it's a good spot, then they must have at least some of the results from the rest, wouldn't you think?
Steward, he could RNSs results from outside the pilot mine area and from the EPO area too... If results from the EPO area are good... I can see that having a very positive affect on the SP.
Wolf
Inside info? You must be kidding, right
From what SK is saying (after all, he does have inside knowledge) we're going to be no further forward in really understanding what is in the ground at Zulu apart from the limited pilot area???
God SK, you’re like one of those boring distant uncles you have to be nice to at Xmas. Boring know it all, but doesn’t really know jack ****.
Nail on the head there Anglebox788. What would be really nice are some results from that 18000m.
Angel box , that is a fair comment , but what I mean is there can’t be much effect on inferred at the moment , but I would expect by moving the drills we will see a rapid increase in inferred in comming months but not just this month
Indeed Bickmaster, there must be some inferred resource from the > 18000m drilled so far surely?
Bick , we are talking about different areas . The drilling has been all about the info to build a mine but that is different from what is needed to increase the inferred. So makes perfect sense
Snowking
You say 'This month is all about getting the detail to build a mine , starting now , after that I am sure the drills can be moved to build up the inferred'.
I would have thought that information was already available and it would have been sensible to have it prior to entering the Marketing and Prepayment agreement to build the pilot mine? Is that not the case?
Bickmaster
Steward , if so that is because the market does not know the difference between indicated resource and inferred . Clearly the indicated and inferred will grow in time , but how do you think the inferred can grow when the drilling is concentrated to build a model to build a mine . The inferred will grow in time , so if you personally and others think the inferred will rise , that is an incorrect assumption at the moment . This month is all about getting the detail to build a mine , starting now , after that I am sure the drills can be moved to build up the inferred . I suspect drilling will continue for years and inferred will grow in time , but not now
So SK - again a level of detail that suggests some inside info... tsk, tsk, tsk!
I think the market will be very disappointed if we get 10 mts and not 20 mts or more!!!
Watcher , the rus should only be the indicated resource as the rigs are concentrating on small area 25 m apart . So I expect sometn8ngli,e 10 mts which justifies 5he pilot mine , it will then require a shift in drilling to increase the inferred which was 20 mts .
But as long as the new drill results are not worse than scoping study 1.06% then I will be happy
hopefully it will be flag waving time after a RUS Acker...once the world knows how much lithium is in Zulu it surely can't go belly up as someone, somewhere will ensure it gets out of the ground
Acker - I agree to some extent and, perhaps, we're still looking at a couple of years before that happens (I think we should have 10 bagged by then!). I'd like to see a plan for the full blown Zulu mine plus a plan to get the EPO area developed and I'd like some definitive statements about MNH and RHA as well. GR has a very bad habit of leaving everyone guessing.
Snowking Once the mine is built,once the debt has been settled then it will be flag waving time.
I may even look out my rose tinted glasses.
Acker