Realistically the announcement had it's plusses and minuses,
Plusses - nw corner contains potash, new assay results were in line with expectations.
Minuses - the southern deposit appears to be closed off, I note the drill holes announced in the original phase 2 drilling program have not all been drilled and that drilling has moved to the northwest area, make of that what you will IMO the company thinks the same as I do and has moved the drilling to the northwest to have some positive info to announce, obviously we could still find potash deeper in the southern area. I note they have not drilled over the anhydrite boundary as per the phase 2 drill program as yet.
Overall a good announcement the nw corner could quite possibly double the resource and we have scope to do a deal with ngex as their lease is within Eritrea.
STB Price at posting:
$4.94 Sentiment: Hold Disclosure: Held
