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.
- Forums
- ASX - By Stock
- GLN
- Ann: Outstanding Initial Well Test Results at HMW Project
Ann: Outstanding Initial Well Test Results at HMW Project, page-13
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $106.3M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $241.3K | 1.061M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 716152 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 369830 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 686152 | 0.225 |
16 | 231621 | 0.220 |
18 | 359682 | 0.215 |
28 | 784746 | 0.210 |
15 | 608435 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 369830 | 23 |
0.235 | 971597 | 5 |
0.240 | 506115 | 13 |
0.245 | 424471 | 9 |
0.250 | 389040 | 8 |
Last trade - 14.47pm 30/05/2024 (20 minute delay) ? |
|
|||||
Last
23.0¢ |
  |
Change
-0.005 ( 0.13 %) |
|||
Open | High | Low | Volume | ||
23.0¢ | 23.0¢ | 22.5¢ | 712575 | ||
Last updated 14.47pm 30/05/2024 ? |
Featured News
GLN (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online