thanks ant1. i agree with your 100m spacings on average after zooming in and measuring the scale as your mentioned.
would be interesting to known if the scale is dead accurate as the red holes in the east of Abalone appear to be at 400m intervals. I do not remember hearing anything about 400m spacings but have not gone back to check.
I too remember 200m spacings, which would make the scale inaccurate if that is the case.
Not sure, other than to say whatever they were, the spacings are now a whole lot tighter!
Re your point on the majors ramping up to supply the eventual recover in IO, I think (and hope) that BRM as a small player with cash in bank and no need to manage profitability in the short term, should be more flexible that the majors and get set whilst they are still clearing internal red tape etc required to make any investment. From my experience, they will be a lot more conservative as they have annual results that can be damaged in the short term. Their boards also require a lot more review and hurdle clearing that a junior with nothing other than the potential to reach production. Different mid sets imo which should allow us to be ready for the recovery.
BRM Price at posting:
61.5¢ Sentiment: LT Buy Disclosure: Held
