re: Ann: Drilling update No. 8 - Agbaja Iron ...
Very significant snippets in drilling update No. 8. Firstly, the flow of samples is now well in place after the disruption and it would be reasonable to expect that we will now have weekly updates and about 25 to 30 holes at a time in the very near future. Not only will the requirement to now only take samples every metre speed up the drilling program but it will also free up time and money to do some step out wells in addition to the JORC which will give us a good amount of additional reserves to look forward to. The success of the diamond drilling means we could well have the critical metallurgy results inside a month which as I have said before, will be the catalyst for a significant share price lift. Everything is now back on track and looking to me like a big winner in the making.
EIO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held