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Ann: Goulamina Drilling Returns Positive Results, page-163

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Andyrooooooo

4,183 Posts.

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18/12/17

22:34

Post #: 29722130
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Originally posted by WoodySpoon ↑

Well I like your thinking on this.
Just one query. The part about water flow issues. Would this likely be at the depth where they have drilled to? So there is an underground river or similar down there? If so surely this would "weather" the pegs in a similar fashion to the surface, or more so....
I mean it could be higher up and the drill hole is just flooding....I guess there is not enough info to say one way or another.

I'm pretty bullish on the whole general scenario here, but I don't want to get too excited about that assay until it's proven up. But yeah if it's good enough for BF to buy that big on...I should prob just shut up and smile while I wait for the results.
Either way we are heading for 120MT+ of high grade at near to surface in the near future and that is more than enough to get us to the
4 MTPA and a chem plant which is just massive for shareholders.

Given the new zones and aero survey coming up, I wonder what the plan is? Sell off one of the new zones for the price of our capex for Main/West/Sangar?If we firm up 100 MT there, get a BOA for the product then it might be a good way to go if we don't get my favoured Euro ECA finance deal.
That way we keep our 90% ownership of a 4 MTPA operation
We might even then go halves on a chem plant with whoever buys the other zone....

That's a lot of spod to sell though - our 4 MTPA BOA, and whoever buys the other zone(s).

Anyway just another way we can have it all.

Expand

I think they pump water through the drill rig and it flows to the bottom where the drill is breaking up ground.

There wouldnt be a water body already under ground at 140m.

And yeah, i think the size of this hit is what caused the buying after lunch. Lol
It took my second read of the ann for mr to realise it.

Ill take thst to twitter/other threads on HC tomorroe as well... lol

Last edited by Andyrooooooo: 18/12/17

BGS Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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