RES resource generation limited

drill results & milestones, page-7

  1. 3,690 Posts.
    This was from the last quarterly on the 29 October.

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    It is interesting because it doesn't say if in Waterberg No 2 the Zoetfontein fault being further south is a good or a bad thing. Does it mean there is more coal in Waterberg No 2 or isn't there much at all. Their original estimate was 17 MT.

    If there is not much coal the company may decide not to buy the property which would free up funds and allow more work to be done elsewhere eg Tasmania.

    That might give a push to the share price.
 
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