Fellas , lots of theories and gnawing and gnashing of teeth on the thread .
Let's stick to the facts that we know :
We have a 107m intersection of Cu rich (>1% ave )....in our first hole .
We know the second hole , from the same pad is mineralised .
We have an essential capital raise on the table ....supported by world class / connected brokers.
No doubt they know more than us .
We have a WORLD class prospects on our books ... red hot to drill ...not Guchab but KASKARA .
BUT ...look at the fine print associated with the capital placement .It indicates that :
$4m of the $5m being raised is to be used for drilling @ Guchab NOT Kaskara !
Helloooooooooo to Guchab doubters ...I don't think SBR has any doubts about Guchab !!
What does $4m buy us ?
Well let's say 80% is used to by direct drilling services @ ~$150 m .That's around 27000 m of DD .
Let's say the ave depth of each hole is 200 m =~ 135 holes .We have to see multi rigs on site for that scale of program .
So would you be planning that scale of program if :
You weren't VERY confident of a significant Cu deposit ;
you had drilled downdip !!
Read the code guys ....me thinks SBR's Guchab drilling program tells us plenty.
:).
regards
Q
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