By looking at the historical logs, anyone could expect lower grades and thickness from the new drilling program. Hence, there is no surprise.
The following statement in the RNS is a usual statement in all potash explorers which have insufficient information regarding ground profiel, even if they have extremely positive results from the first holes as more information will be needed for JORC.
"............... and it is uncertain if further expl. will result in determination of JORC"
Please read this again:
State hole 1 intercepted thick potash in Bed 18 as well as moderately thick potash in Bed 13. The location of hole 1 was chosen to determine the known extent of potash mineralisation in Bed 18 and Bed 13...."
To be honestly, this RNS should have moved the SP up not down.
I think problem is wording of the RNS, or wrong interpretation by PIs. Time to top up. gla
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