My apologies for sounding overly negative and I respect your comments as you are one of a few on here that aren't happy with the situation.
My concern is that the seam looks very thin and therefore will struggle to return a robust JORC. They need to go deeper to rule out the possibility of the coal being deep due to the steep dipping seam. Instead they are drilling to the north to extend what they have already found. It would be great to extend it to 7Km but if the seam is only 200m thick, then its not going to get us up to the 100-200Mt mark. A line does not give a JORC as you need a third dimension (it need to be a three dimension shape). I'm happy for someone with more experience to correct me because I too am learning all the time.
I don't want to promote MNM or even compare them with DRG as they have thermal coal, but their resource is several kilometers by several kilometers and close to surface. We need something like that to get excited.
DRG Price at posting:
38.0¢ Sentiment: None Disclosure: Held
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