I was abit excited about the NW hole but went back and checked and it's primary aim is (to summarise) just to check out what's there, understand the mineralogy etc.
The target depth is 700m the report says they re at 480m. I'm told that it will take about 3 weeks to close the gap - it's raining up there so that could hold things up.
So maybe they will hit something given its very close to SFR conductor 5 but if they'd found anything of substance by now after 480m surely they would have reported it? that makes sense doesn't it?
I reckon West Aussie is spot on - the place they sunk the 6 holes is the place where they have been consistently getting results and it looks more and more probably every day that the ore body is somewhere under there.
they've got some cash to fund a few drill holes there so lets hope they sink a few in there.
i think its inevitable to some cash is going to be raised. just a question of what results they get between now and then that sets the price. i'm expecting the SP to continue to drift down in the absence of any more positive news.
am i right in saying the only results we are waiting for is now hole 7???
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