MNS 0.00% 4.2¢ magnis energy technologies ltd

have no fear - company making announcement, page-25

  1. 700 Posts.
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    @ zackary...

    as per the announcement

    4 drill holes a week with 1 drill rig

    We can presumre 8 holes a week with 2 rigs. We can presume even more holes a week once the diamond drill rig gets on site sometime in June.

    I'm not sure on the turn around times between the drilling and the announced results as remember they have to lab tested for confirmation (maybe 2 or 3 weeks?). They do have a hand held scanner on site (see previous annoucements for a picture), and while these scanners are extremely accurate, I'm sure they'll be prudent enough to prefer the lab results in announcements.

    Provided the weather conditions remain good for drilling and there are no mechanical issues with the drill rigs, we should start seeing results for the rest of the drilling program hit the ASX either monthly or better going forward.

    Very interesting times ahead.

 
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