BB you are referring to the Globe Drill GT3000 drill tower constructed under license by Karni Engineering in Merredin, WA. http://www.globedrill.com.au/index.html http://www.coretrack.com.au/
And by the way the drill is definitely happening: Globe Drill Takes Delivery of Drill Rig Tower: http://www.asx.com.au/asxpdf/20100504/pdf/31q4xmtgvfwrj9.pdf
The economics of GT get very interesting once you start to reduce the cost of drilling (which will inevitably happen over the coming years). As the cost of drilling reduces, more importance will ultimately be placed on the quality of the resource.
Systemiser.
PAX Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
