FAL 7.27% 29.5¢ falcon metals ltd

The ASX:FAL $7.75/share party, page-25

  1. 6,481 Posts.
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    That is good news, assuming that photo was taken on the day of posting, and assuming that photo is of Karri. Essentially it tells me the "hits" from January's drilling were sufficient to warrant further drilling. Visual inspections of the cores would tell the management whether or not continued drilling is warranted, based on their geology (or visual gold), it's essentially one of the strengths of diamond core drilling over air core drilling. I understand they originally intended on drilling into April anyway, but I'm sure they wouldn't if they were coming up with nothing... (instead I assume they would have re-evaluated their targets, whilst taking the rigs to ironbark).

    ....Which tells me, the results are likely to be good.

    I think we are less than 7 days away from very positive results.
 
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