Reading between the lines here - the modeled target was very high conductivity and that has since been refined to two smaller separated targets.
I find it interesting that there is no mention of the strength of the response now. Obviously they were hoping for one big hit not two little ones. 210,000 Siemens is a huge EM response for those that don't realise. Seemed a bit unrealistic to me at the time but I'm now commenting with the benefit of hindsight of course. Not sure why the modeled plates are flat lying either, that could have contributed to the large change in response (rotation of induced magnetic field in vertical direction).
Good that they are drilling it immediately - sign that SGQ is trying to get the share price back up through some decent hits for option conversion.
There is always the chance that targets could present deeper than modeled depth (off-hole). I would have liked to see them go a bit deeper with those holes just in case of such events.
SGQ Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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