Africa Downunder, page-76

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JawDropper

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24/08/16

14:24

Post #: 18645189
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Originally posted by ecat88 ↑

It took them 1 month with the bigger Prakla rig to do 8 cores on Se251 in 2013. Prakla went as deep as 95m (40-95m range) during its programme but the current Sedidrill has a limit of 70m. So I expect it will struggle as L259 is likely to have deeper PK on average than Se251 as L259 is more weathered and eroded. I'm guessing they haven't found any PK yet as they would have announced it. They are biding their time waiting for the bigger drill rig IMO. No LOMOBs or other options to get in the money so there seems to be less urgency compared to earlier this year.

Good news is they are drilling in the right spot and the right kimberlite. I'm confident the PK is there, only deeper. It will just take more time to get to bulk sampling so LOM is more of a longer term play right now. The most exciting thing short term that could make big moves on the share price will be the commissioning of the XRF and the reprocessing of oversized gravels for big diamonds. A few big rocks excite the market more than record amounts of small to medium ones.

E88.

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"the current Sedidrill has a limit of 70m."

Which drill are we using?
One of these???

http://www.sedidrill.com/index.php?option=com_content&view=article&id=23&Itemid=23&lang=en

Is that the drill on the landcruiser???

Im getting confused here

70m is a lot deeper than I expected at this stage
that is a deep hole
would they be digging that deep initially?

well ecat???

LOM Price at posting: 36.0¢ Sentiment: None Disclosure: Held
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Africa Downunder, page-76

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Africa Downunder, page-76

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