LEG started 15.01.2011 with 1 diamond drilling rig (UNKNOWN MODEL)on a 5000m program
Some bits from geologist:
Information about drilling for iron ore:
1)Average drilling speed for diamond drilling rig 60m a day
2)usualy they take 2000 - 3000 samples
3)Average processing speed for lab testing is 120 samples a day
Timing:
I would estimate they are drilling pretty shallow (60m), as initial information they got from hand-held drilling rig - gives info from maximum 15m - 20m depth
If the average depth is 60m then 5000m/60m = 125 holes
With average speed 60m a day it would take 100 days
If they start 15.01.11 they will finish around 30.04.11
With lab speed mentioned above it would take 30 days. When company will recive results it will take around one week to process results. In total, its summs up as:
FINAL RESULTS: > 1/07/2011
I am very sorry if its not maching some ones expectations...I can be wrong, they could send first half samples to get initial results what would cut down to first results given around: NEXT WEEK
Its very speculative as noone knows how drilling is progressing, how rig keeps up with it...lots of unanswered questions...
Only thing which you need to keep in mind: if you think it will be fast ("DRILLING RESULTS SOON" (POSTED 15.01.11) then its not for you, and if you dont have an understanding of the process involved perhaps best not to post such misleading information.
B
- Forums
- ASX - By Stock
- LEG
- reality
reality, page-38
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add LEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $37.82M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $604 | 50.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1181006 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 448332 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1181006 | 0.011 |
8 | 2415242 | 0.010 |
2 | 1211111 | 0.009 |
3 | 1493800 | 0.008 |
3 | 7400000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 448332 | 2 |
0.014 | 821009 | 3 |
0.015 | 658200 | 2 |
0.016 | 858075 | 5 |
0.017 | 803348 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LEG (ASX) Chart |