The JORC resource may be (according to a rumour...) way above expectations.....Only "problem" is, it's not all to be included in this first Announcement, because it will not be ready by the due date (end of the month)....
What a wonderful "problem" to have, even though, it may take another week or two for the Final JORC indicated figure....
I bet many companies would love to be confronted with "such problem"....
PS. The combined Inferred+Indicated Resource for the Southern Blackall tenement, is expected to exceed the 2 Billion tonnes, after All JORC is indicated*****
Add to that at least another Billion tonnes for the Northern Part, which Geologically is equal in structure as the Southern Tenement (Drilling to commence later, maybe June)and we will end up having JORC Resource in excess of 3 billion tonnes!!!!!
Amazing stuff for a "penny dreadful" like EER, with MC under 100$ million!!!! A More realistic MC (at this present stage, after the Southern Blackall Resource is JORCED, and NOT including the Northern Blackall) should be around.....$500 million......
Cheers:)))
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