Hello Jim
That is the most progress I have heard on this play. Thank you.
Based on what you say, it would seem that we are well overdue for further field/drilling results.
It is probably premature to form any opinions, but based on the lack of news and long gaps between NRs, it would seem that Teck/DRZ have adopted the SUF policy of only announcing "material" results. If true, it is frustrating, but one also gains a sense of confidence about management when this policy is backed up both by results and a lack of hype. Something (hyping) that I don't think anyone could reasonably accuse DRZ of doing. Unfortunatly, shorters love that policy too.
I still can not help but wonder about those platinum paladium assays however. Maybe there was nothing "material" and that is why we have not heard, but with nickel concentrations of 11.%+ one can not help wondering if we don't have .75% platinum and paladium++?
I also have to wonder about continuity. If all the drilling has gone on that you believe, with an intersection like that, I would have to think that they have attempted to do at least some delineation drilling. If they could get a km or more of strike and depth out of that vein, at the same or better intervals, it would be a viable ore body in its own right. What would a tonne of that ore be worth, $160? Higher? What is platinum at, $580/oz?
Well, I am going to have to call it a night. Lets hope tomorrow brings us some more joy. I liked that post earlier about DFR moving to $80 over two months, spliting 4 for 1, and appreciating again to $44. That will work for me.
Regards |
