Well, at this time we have been drilling (as per report on 28th last month) for 8 days. With "double-shifting" and minimising rig shifting by "wedging off" off the one hole, I would expect at least 80 metres/ day, so we might have achieved 840 metres of drilling under good conditions. Into what? By now they should have intersected 1 of the conductors identified by the DHEM survey & be close to hitting the second...... Did they hit mineralised sulphides? Or Black Shale? They would know re the mineralisation visually, and could give reasonable estimate of grade by XRF, subject to confirmation of assay. Or, they may wait for assay. So, some knowledge of the first conductor would be available to them now..... I'm watching for market movements indicating possible "leaks". If they wait for full assay before releasing news, with core-cutting & assay, should take about 2 weeks, depending on the lab work-load. Gonna be exciting if they hit mineralised lenses, with copper prices going up recently. Those selling at the moment are probably doing so to get into THX or TLM..... Two to three weeks & we should have some indication...are we rich? Or is it back to "road-kill"?
GZ
SWN Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
