Hi
I asked Tony for some clarification on the quarterly.
It stated that one of the rigs was still at Hardstaff.
He told me that they moved one of the rigs back to Hardstaff to do some infill drilling this is to ensure that they could upgrade the Hardstaff resource from inferred to measured and indicated tonnage. Having a measured/ indicated tonnage would make the project worth a lot more dollars.
"Given the bulk of the tonnes are at Hardstaff it is important to upgrade their classification prior to any deals being done"
Cheers ..
This puts PLV in a much stronger bargaining position when talking to any potential JV partners.
- Forums
- ASX - By Stock
- PLV
- drilling location
drilling location
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)