Now the dust has settled....31 Jan 2021 22:48
lets talk facts.
Ref Ginos figures below
Current 5M Tons resource @ lets say 8% zinc is around 400000 Tonnes and 2.5% of Lead is 125000 Tonnes
We own 24% For round numbers, say 100000 T and 30000 T respectively.
Lets say :
$2850 p/T = $285M or £210M for zinc
$2000 p/T = $60M or £44M for lead
If we assume 50% of removable (id suggest thats bare minimum) thats £125M
Minus 30% costs and tax thats £100M against a £6M MCap
Minumum asset sale for the above £30M imo
MULTI-BAGGER........ No b.s. Just math
The above was taken from the current predicted resources found in the ground. NOT FROM THE 2 STEP OUT DRILLS
This is taken from Jan RNS
Drilling intersects up to 8.7% Zinc and 3.3% Lead (12% combined) in step-out drilling at the Stonepark zinc lead discovery in Limerick.
G11-2638-04 targeted a 135-metre gap within the Stonepark North portion of the MRE
· This hole intersected a thick package of brecciation and low-grade mineralization yielding 17.95 metres of 1.02% zinc and 0.23% lead (1.25% combined), including two higher-grade zones:
o 2.15 metres of 3.39% zinc and 0.92% lead (4.31% combined), including 0.50 metres of 8.70% zinc and 3.34% lead (12.04% combined) and
o 1.55 metres of 3.46% zinc and 1.04% lead (4.50% combined), including 0.55 metres of 5.57% zinc and 2.03% lead (7.60% combined)
OK. Not great but in excess of what was predicted.
Ginos figures were based on predictions from previous drills of what is there and the recent RNS was based on the X2 boundry step outs to confirm historic drills
Zinc/Lead from Ginos figures is still there (predicted from historical drills).
G11 has stated its concentrating in the iminent future down the road at Carrick and SP needs further MRE study completing
https://www.groupelevenresources.com/news/index.php?content_id=114
We also have gold sources at 2 projects confirmed to start in Spring 2021 is gonna get better for ARK.
IMO