A little patience 2ic..... I know how keen you are on this...

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Eddythedog

1,287 Posts.

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21/02/24

07:37

Post #: 72507751
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Originally posted by 2ic: ↑

"Back to DRE, where is our weekly announcement?"... I was going to say with the price ticking up on higher volume, next ann must be shortly. Surely an update on Money is due by now.... 3.5 months since the 2nd round of RC assays from Booka Nth dropped in the bowl, and the next wide spaced 7 hole drilling programme was already underway after The Star drilling (started one week after the Star started).

If the last assays from The Star were released to market 22nd Jan, you'd expect assays from drilling one week later to be back by now a month later. Put your hand up if you like the chance of these holes coming in winners like Countryboy?

What about the IP surveys last roll of the dice conducted in November given EM didn't demonstrate any significant targets? Put your hand down Countryboy, we know you love every DRE prospect and continually niggle me for calling the 'Keel" theory wrong. You can always get a pretty picture form IP over disseminated sulphides, and we know from mapping and drilling there are disseminated sulphides along most of the intrusion edges... so IP targets are a given.

What I'm interested to know is whether FQM will persevere with what I have consistently called disappointing and potentially project fatal result, or will they accept defeat and move on? Seem to remember much buzz that Dean said there 'would be two rigs drilling out Money in early 24" during a presso? The phrase 'Fail fast and fail often' used to be an exploration one before Silicon Valley adopted it. Everyone will blame the nickel price and be very understanding I'm sure... a face saving excuse when if I was FQM, I would have walked unless the last 7 holes and IP survey was a game changer.

Still think Booka Nth is small flat jog between a long, skinny, deep dolerite dyke system as opposed to an Eagle style large, wide chamber with consistent keel... but that's the beauty of geology, always room for more than one interp.

GLTAH

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A little patience 2ic..... I know how keen you are on this stock.

No secrets or conspiracies going on.
You are correct that this ann. is imminent..... as clearly stated above.
Drilling due to start March.... only a few more sleeps now.

DRE Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
30 Upvote

3 Great analysis

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