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T4I'd expect the price to stay in the 0.22-0.26c range. Am not...

  1. Ya
    6,809 Posts.
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    T4

    I'd expect the price to stay in the 0.22-0.26c range. Am not expecting the nxt annmnt 2b any sensational. More on the lines of:

    Set 13" casing @ 1265m,
    pressure test BOP's,
    start drilling 12.25" hole
    Current Depth 1500m (or so)

    Note the Plover target is prognosed @ 3351m, so quite frankly the next 2100m of drilling at say a drill rate of 200m/day gives us 11 days before we can expect things to move.

    I'd say around about 5th March could be make or break time as we should have more clarity by then, until then its slow drilling thro' the Puffin, Vee & the Wangarlu formation.

    By the way, the only positive then onwards, would b how thick the plover sands are from the logs & their properties from the sidewall cores, they've clearly stated that no tests will b done to avoid a repeat of formn damage as seen at Heron.

    Cheers

 
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