- Lets be real. So it seems like we focused the drilling around NW (for 1/8 licences) and that turned out to not be as great. We did hit 12m and 15m -which is not tragic thickness either
- It seems like some were expecting 40-60 metre seams of coal over 625km square lol
- There are still drilling to be done S, E, W and NE of these holes (a bit early to assume all those holes are not as good?); BTE-1: 60m coal thickness from surface BTE-2: 40m coal thickness commencing at 89m depth
I'm assuming the panic sellers didn't think that maybe these seams could extend S, E, W or even NE? lol
- looks like they've only drilled 2/4 licences at Ovorhangay (with ONLY 1 hole at the 2nd licencse) - still another 2 untouched licences to go at Ovorhangay - Also the 4 at South Gobi which need more exploration work
- And lets not overlook "The Company has been approached by a number of strategic investors recently with respect to investing in the Company. The Company is currently in discussion with a number of these groups."
So IMO it's an overreaction this morning by some sellers, but the investors that take a deeper look will understand we've only touched the surface of this. FYI I still hold my original holding. Best of luck to all, Slinks
CEO Price at posting:
9.7¢ Sentiment: None Disclosure: Held