re: Ann: Drilling Recommences at Capricorn So... John,
Interested in your opinions of why the market has it wrong. I agree, and my reasoning is:
- First pass drilling didnt uncover the 'mother load' that was anticipated (but the probability of such a find first time round was low anyway)
- Geographic separation by around 350km to the nearest rail
- MRRT (but this should affect all peers equally)
What are your thoughts?
Looking at the charts it is clear accumulation is taking place and now is only a matter of time before it runs. Could be weeks, probably months. 2011 will be a better year.
Ann: Drilling Recommences at Capricorn Southeast , page-5
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