CGR 1.30% 7.8¢ cgn resources limited

We are waiting for the diamond rig to complete a diamond hole...

  1. 12,652 Posts.
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    We are waiting for the diamond rig to complete a diamond hole for our neighbour.

    Based on our neighbours program, they started their hole the previous weekend. Lets say it was Sunday 14th April, based on the announcement. They are drilling 24 hours. Assume ~50m per day to a depth of 500m. Therefore 10 days to complete.

    Today would be day 9 = ~450m

    Based on this assumption they should be completed tomorrow or Thursday. Worst case it could be Saturday/Sunday.

    I am not sure how long it takes for the demobilizing process, but i am pretty sure the rig will be on our site next week. We could get lucky and it arrives this weekend, if the drilling went to plan and was on time.

    Not long now.............
    Last edited by TopGun1: 23/04/24
 
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