FDL flinders diamonds limited

I can't see it heading above 35c prior to announcements on the...

  1. 120 Posts.
    I can't see it heading above 35c prior to announcements on the back of a firm drilling schedule. If they get a few hits during drilling then it may rise above 50c. I don't believe they will be drilling before June/July next year at the very earliest as the Pilbara exploration season doesn't re-start in full vigour til March due to the heat and drill rigs are in short supply at the moment. I'd say they will have to map the geology of the tenement first to develop targets to drill. If they were smart they would also conduct some geophysics too. If they believe in the potential of the land they will not erode the value of the deposit by drilling willy-nilly. Therefore drilling may not even occure til Sept/Oct next year.
 
watchlist Created with Sketch. Add FDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.