It was disappointing to hear that AGR didn't core the first 56m of the formation - we will have to wait 2 weeks.
Simon Taylor did make a very interesting point in the announcement reagrding the recent drill results from the Rio Verde hole.. This hole is located 4km south east of hole 2 that AGR will be drilling. The results were very impressive - they hit 2 sylvinite bearing zones with thinkness of 12.97m and 5.05m starting at 1170m. They also hit a carnallitite bearing zone with a total thickness of 61m for a total of 79m of potash mineralization...
These resuts are substantial and go a long way to proving up a resource..
If AGR hit anything like this you would see a re rate of the SP - AGR has only promoted a carnallitite resource... They expect to have hole 2 finished late jan 2012... I would not be going anywhere until these results are released..
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