Im saying I told you so of yesterday posts saying it was too early to predict reserve figures on 2 holes in a line 280m apart without further drilling to determine width of these 2 seams encountered .
In the 2 significant seams intersected you will notice that it fell 79m before intersection again albeit for 20m less coal. ME stated that it looks synclinal and there is a possibility that at 6ks away it could be the same seam rising up again. What was the drill depths of these holes drilled so far??? Is it possible thathat it dipped sharply and missed the seam further below???? Only further drilling can tell this.
If talking to strategic investors , all cant be too bad. Something is in the wind, they must have faith in CEOs already recent finds. Nothing of assay results of tested coal type????
I feel the big sell and what buying occurred today has not dampened CEOs credibility as an explorer. Further drilling will eleviate this significant seams found so far. Those that expected instant riches from more significant finds to todays ann got burnt.
Would be totally silly to write off the loss in SP today and downgrade CEO. So many more leases to drill and redrill them for reserve figures to come. Certainly at today s prices would be wise to topup again on what is in store to come yet
CEO Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
