Ormond, results from both the North and South parts of Romang Island will be coming soon. I too am wandering what the delay is but it may just be that a significant part of the recent drilling on the southern part (Lakuwahi)is infill drilling for the resource estimate and so the exploration drilling has been minimal. Also on the exploration side there has been a major focus on the highly prospective North Romang which has a 5000m drill program currently underway so perhaps there has been less attention on Lakuwahi for the short term. Rather than just get an inferred resource they might also be doing lots of closer drilling to bring the resource up to Measured category for bank feasability estimates. This would mean that much of the infill drill results would be similar to those reported previously. The recent quarterly report says they are increasing the number of drill rigs to 8 on Lakuwahi so the importance of that area hasn't diminished.
ROL Price at posting:
$1.52 Sentiment: LT Buy Disclosure: Held
