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Ann: High Grade Gold Drill Results at Mt Freda, page-17

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tbirdsrgo

13,032 Posts.

459

01/12/20

15:13

Post #: 49270089
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Originally posted by eastwest101: ↑

The question really is - given that they only had one drill rig - why they drilled the first hole at The Trump, and then commenced a second hole at the Trump if they were short of drill rigs, surely the drilling at Mt Freda would have been the higher priority given that the Mt Freda diamond drilling was critical in giving them data to do a new resource calculation, especially if they knew that assay labs were full of samples with everyone trying to finish drilling before Christmas/wet season? What is one or two holes at The Trump going to achieve? Not a published resource thats for sure, its early stage exploration for the Trump given they ignored it for years anyway, so why not use the one rig they had to do Mt Freda first and then do some upside exploration at The Trump?

They went from having too many rigs and sprayed holes everywhere in 2019, to the opposite problem of promising shareholders an updated resource calculation and only having one drill rig with the labs full and the wet season looming.

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I actually have faith in Aaron and his team Eastwest. If it is important to know why don't you give him a call. He is one of the most approachable CEO's around.

AMG Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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