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2.2¢ dreadnought resources ltd

Absolutely spot on!!

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dag66

2,145 Posts.

348

18/07/24

14:51

Post #: 74813716
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Originally posted by eastwest101: ↑

Maybe so but if the DHEM was done shortly after the holes were completed (you cannot do down-hole EM while the hole is being drilled) and the down-hole EM has t be interpreted and modelled by the geophysical contractors or a geophysicists, then the new drill holes have to be designed and they have to go back to the relevant State Department to get permission to plan extra holes, and maybe even get native title clearance done on new drill sites, and then if that is expedited by the state regulators then new access tracks may need to be put in.

While all this is happening would you be paying for standby on the drill rig that is there? No - you would move the rig onto the next drill program - in this case it looks like the Nb exploration and then come back later this lear or next year with the drill rig and test the off-hole EM conductors. This isnt the 1960s or 1970s anymore, you can't just chuck new drill holes down on the fly without consultation first.

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Absolutely spot on!!

DRE Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Last 2.2¢		Change 0.001(4.76%)		Mkt cap ! $77.28M

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2.2¢	2.3¢	2.2¢	$74.62K	3.391M

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No.	Vol.	Price($)
2	309907	2.2¢

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Price($)	Vol.	No.
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18	6281934	0.021
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Price($)	Vol.	No.
0.023	1848428	11
0.024	310014	4
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0.026	2172500	6
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