RHK 6.96% 73.5¢ red hawk mining limited

estimated date for jorc, page-5

  1. Ya
    6,809 Posts.
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    Drilling in Area A wasn't possible bcoz of access issues in '08. An RC rig will drill in the 500x200m spacing for this area in Q2-'09. After this they will do infill drilling.

    Note that mineralisation is open in Area A, on the margin & depth. With the BID coming into the picture the old reserve estimates dont matter anymore. Its far more then what most thought 500MT or thereabouts.

    To prove JORC they've gotta follow a certain protocol & hence the detailed drilling program.

    It doesn't matter, as long as they keep finding same old red dirt, what matters is how much!!

    We'll get an early estimate by March end. IMO, with ongoing drilling this estimate will get revised later in '09.

    So hang on to this one, think 0.06c is a bargain.

    cheers
 
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