Over past 5 months, 9000m already drilled from the 2 company-owned diamond rigs
Barring Chinese NY, assuming resumption of drilling March until start of December, expect another 13,000 - 16,000 m to be drilled, taking into account rainy season beginning mid April.
Total expected drilling by 2 current rigs = 21,000 - 25,000m
Third rig, more powerful, estimated to commence mid May - expected to drill 5000 - 57000m by start of December.
Total expected drilling by start of December from all 3 rigs = 26,000 - 31,000m
Falls within CW's target of getting 30,000m drilled before end of the year, not to mention maiden JORC resource. Fully funded and all systems go from here.
AUE Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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