CC results have not been fully received back. The geos will need some time to study and assess a new drilling campaign. The infill campaign has been completed to an extent, not enough to complete the updated JORC MRE, but it doesn’t really matter since additional drilling will be required anyway once the next campaign has been defined.
Whereas the campaign in BT has been defined for months now after careful study.
It makes sense to alternate drilling in both locations (or three if Peter finally wants to do something about Steam Engine) to allow for some buffer of time for the assessment of the results. Drilling is expensive and money is scarce, so its better to make the most of each hole.
I wouldn’t put much thought on its meaning, as they don’t have the answers yet.
SPQ Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
