Yep, once they have the flow data from Tintsfield, the certifiers can extrapolate that data across all the corehole results - it is like having a pilot at all the corehole locations. One pilot unlocks the reserves of an extensive area.
It is worth having a look at the maps. The Hoskissons seam, whilst half as thick as the Bohena, is 'areally' much bigger. This one seam will be a very large reserve in its own right... And with no reserves booked for it, it is all upside.
And I agree with Hardmano - we could get some early news on flow rates before the reserves upgrade. It makes sense for a company to do that, so as to get a double lift in the share price.
It is reasonable to expect a rise in share price before then, as the market starts to anticipate the coming data. The market is not going to wait until June to go up - we know the reserves upgrade is coming. We know that there is a heap of data to be included in it. And we also know the market side of the reserves equation has improved greatly since late 2009!
Good stuff ESG.
Yaq
tintsfield pilot operational, page-7
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