SCP (Formerly Sprott) - Broker Note 16.03.2023

[Nitram64]

https://bpd-space.nyc3.cdn.digitalocean ... cp-MRE.pdf

[Spondy]

Hi Nitram, thanks for the link to the latest SCP/Sprott broker note dated 21 December 2023 but why the topic title 16 March 2023?

[Nitram64]

Apologies cut and paste and lack of an update to title error.

[Bamps21]

Well that note really showed up the infant state of the thinking around the shape , size and constituents of the ore body.

The Link zone not really understood is new and still evolving you can see in the slide of the opvm graph.

At Stroud in my slide show I showed that the sulphides have had to come up from below there was no gap zone, they were still looking for the tail.

They still haven’t showed a tail even today.

Now take a look at that note.

Link zone has a NSR $80.

That’s the same as the sulphides suggesting the tail is in there , sections of it are going to increase.

The Eastern Breccia will follow suit but at this moment is still too deep.

Havieron is still evolving, no matter how fast you want answers at this moment in time these unknown factors are effecting decisions and nothing will change that. The orebody information will keep changing.

I keep saying it and will say it again

“Tier 1 mines keep on giving”

[lebugue-addick]

With Sprott lumping the Breccias all together they are minimising the strength of the Eastern Breccia. Grades there have jumped from 1.2g/t in March 2022 to 2.4g/t in the latest growth drilling. Believed to be still open at depth. That should average out at towards 1.8-2g/t.