We only have two holes 280m away. By my calculation, this makes a straight line or a 2D plane (if you take into consideration depth). We need a third to make a 3D area.
The third hole could be to test strike (continue in straight line) or triangular (to determine tonnage).
I could say the third hole is 100m or 5km away and both are just as valid because we have no basis for predicting either.
Is anyone concerned about the placement price or share issue? Will this detract from any positive announcement about the coal if the price is too low and issue too large?
CEO Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held