ERN erongo energy limited

theer's gold in them tha hills, page-6

  1. 1,621 Posts.
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    I think the market also finds it disappointing..not much to show for all the time they have had..and they still have significant problems with core recoveries.
    "Drilling conditions at Maniema continue to be difficult, with lithologies in the upper 50m regularly
    changing between very hard and soft (fine clay) material. Recoveries in holes KBD04 and KBD05 in
    the upper 50m were <10%, although recoveries in KBD06 were >70% in the top 40 metres."
    So KBD04 & KBD05 results still to come but they recovered less than 10% of the core, in fact KBD05 had to be abandoned, so cannot expect too much of an announcement from those two holes.
    Would expect this to trend lower now.
 
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