Previous announcements or presentations indicated that core hole drilling at the SA Arkaringa prospects would start this month so we could see that announced soon as the rig has completed Kurrabooma. Or the rig could move to one of the 3 remaining northern PEL 238 prospects to be drilled this year .. Kiandool 492 Pj potential, Turrawan 311 PJ, or Yallambee 551 PJ.
I would expect the share price to consolidate now for a while longer in the 65-85 cents range until reserves can be upgraded at which time we may also see new MOU's (that can only be firmed up once reserves are in place to meet them).
H
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