HDR hardman resources limited

annual results report .. comments, page-28

  1. 3,542 Posts.
    lightbulb Created with Sketch. 2426
    re: what potter didn't say! All
    Just on Matamata, I think we must get off the thought that the Matamata prospect equals Guyanne.

    I think it has been said here or by HDR before, that Hardman want to work up the region...not work it down! That actually means it is quite unlikely that Matamata will be the first prospect drilled there. Yes it is the elephant. But I expect they will be able to identify a higher probability and cheaper prospect to drill first. Then, if successful, it will be on for young and old and HDR will be able to name their price for farminees to the region.

    What they do not want is to drill Matamata on their own, find it is dry, and then because they have drilled the elephant first, really struggle to get any interested parties into the region.

    Regards
    DF
 
watchlist Created with Sketch. Add HDR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.