GDN 0.00% 1.7¢ golden state resources limited

pipe recovery, page-9

  1. 2,988 Posts.
    There has actually been no inconsistency in the amount of pipe inthe hole that has been reported.

    29th November 1500 foot pipe stuck

    5th Dec - reported 1000 foot stuck at recovery up to 400 foot per day (IE they had recovered 500 of the 1500 foot that was stuck, one day they jagged a 400 foot segment)

    11th, 18th Dec - no progress still 1000 foto stuck waiting for heavy mill bit

    2 Jan amount not stated "up to 50 fot per day" - likely only recovered 50 foot and 950 remaining

    10 Jan -reported a total of 804 foot recovered, 742 foot left (this is of the total 1500 foot to make it sound better than "we have only recovered 300 foot since 5 Dec"

    30 Jan - another 246 foot recovered (496 foot left), now milling

    7 Feb - another 195 foot recovered, (301 foot left)

    ?Now - maybe 250 foot left at current rates.

    No deceit in the reports, just not spelling things out as clearly as they could have!

    Will see a steady rise next week (if no bad news) aiming for recovery complete over next weekend. maybe 80-90c by next firday.

    7 Feb

    30 Jan - now 500 foot left
 
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