Well,
Once again we got assays that so many have been waiting for, and once again, news was met with a muted response to say the least. Given current market conditions (and zinc prices), that was unfortunately not a big surprise.
That being said, results were quite encouraging (again) as we long term sxl holders have come to expect - intersections up to 31 m in thickness and values ranging up to 3.75% zinc, 1.01% lead and 41.8 g silver in a tabular orebody that now strikes 1.4 km and ranges 100-300 m in width and up to 40 m in thickness.
Interesting that the co. stated their intentions of outlining 15 million tonnes of ore. I strongly suspect that they firmly believe from data already obtained that they can inevitably achieve this, up considerably (250%) from the last resource update of approximately 6 million tonnes (inferred and indicated).
So we've got an approximate 15 million tonne, open pit amenable zinc-lead-silver orebody that's located on a property that is transected by infrastructure including power lines, a highway and rail line leading to a seaport 25 km away - in other words, metrics that most informed resource investors look for in a company. With metal prices and market conditions where they currently are, I'd personally prefer a company with a deposit in such an environment than a higher grade, underground deposit in an isolated locale with significantly higher costs involved - costs that in these markets may not be feasible.
Now, if only the stock price would respond, even just a little, I'd be a happy little skipper.
Have a good evening!