Focus have an underground rig working as I write. This drilling is to prove up reserves prior to mining, so the resource to reserve conversion is under way. A surface rig is about to, or has started work too. This may impact reserves and resources in a positive way.
Work at the Mount is also an exercise in expanding resorces and reserves. All this drilling and development is budgeted, and once "we are making more money than we know what to do with", we can expect more rigs at work, with some emphasis on the 14 odd undrilled anomolies indicative of gold. Blue sky potential is gianormous (nickel too!), and if only 2 or 3 of the 14 anomolies find mineable ounces, watch the shares go!
This is not investment advice, just the opinions of an oilfield worker, so DYOR!
K
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Open | High | Low | Value | Volume |
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1 | 3848 | 0.130 |
1 | 33474 | 0.120 |
1 | 10000 | 0.110 |
1 | 5871 | 0.105 |
Price($) | Vol. | No. |
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0.140 | 52678 | 3 |
0.145 | 41700 | 4 |
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