Not bad.
Just did a simple math.
The current 2mt is based on 4.5km length and 10% SG. Now the length has extended by 800m and SG of sand has increased to 14% average.
So resource should increase to (1+0.8/4.5) * (14%/10%) = 1.64 times of current 2MT LCE.
In order to be M&A, IMO MRE should at least go above 5MT for HMW alone.
One thing I dont quite understand why GLN has spend one year to drill just one hole. I'd expect more aggressive drilling.
Not bad.Just did a simple math.The current 2mt is based on 4.5km...
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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