Australia's largest stock trading and investment forum Australia's #1 stock forum

MAT

Click for more information

0.00%

2.6¢ matsa resources limited

Looks ready to lift off, page-23

First 23 Last

Share
Profile

Follow
scorpion75

3,992 Posts.

20

19/06/14

23:14

Post #: 13548060
Share

Originally posted by Toxxxic ↑

I am a geologist with many years field experience (am actually heading out to log a few holes on Monday). Diamond drilling depends greatly on ground conditions. Some days I would get as little as 5m in a 12 hours shift. It all depends how fractured and variable the rock mass - if it's highly fractured or a lot of soft/hard/soft/hard zones then they have to drill short runs which slows you down significantly.

This shouldn't be a problem here though therefore i'd say we can expect between 20m to 40m/day with the odd 50m/day.

Definitely wont be seeing 200m a day though as some have said - that would be more like an RC drilling rate.

Expand

Yes I've corrected what I said earlier.

It's good to get info from those that are experienced in the field.

I don't think I jumped the gun saying we could have some news from SH early next week though.(To previous poster). I'm sure they'll be looking at every metre very closely for sign of sulphides and giving the XRF a workout. I'm thinking Tuesday for news.

I'm not a driller so I might be wrong with the timing.

Much appreciated.

Scorp

MAT Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

There are more pages in this discussion • 24 more messages in this thread...

First 23 Last

Add MAT (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $14.31M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$958	36.84K

Buyers (Bids)

No.	Vol.	Price($)
1	5458	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	46562	1

View Market Depth

No.	Vol.	Price($)
1	5458	0.026
3	71000	0.025
3	277389	0.024
1	40000	0.023
2	430000	0.022

Price($)	Vol.	No.
0.027	46562	1
0.028	350000	1
0.029	179100	1
0.030	227699	4
0.031	9874	1

Last trade - 12.04pm 15/07/2024 (20 minute delay)

MAT (ASX) Chart