GLN 0.00% 12.5¢ galan lithium limited

General Discussion Banter GLN, page-1067

  1. 691 Posts.
    lightbulb Created with Sketch. 469
    @rjohnson1234

    It’s impossible to put exact dates on when we could expect a JORC. We’re drilling into the unknown. And we’re planning to go deep.

    I think when you account for mobilisation, drilling and demobilisation for each hole it’s safe to allow four weeks per hole at 400m. That’s not making any allowance for the extra depth we know we have in the south - and I think JP will want to drill as deep as the geology allows him (I don’t even know the maximum depth capability of this type of rig). On top of that I would make allowances for holes collapsing, hitting rock etc. If we finish drilling in 6 months I’d be happily surprised. More like 7-8 months imo. Then an extra month or so to finish off the assays.

    Then - assuming 5 holes gives us enough data - I’d say an extra 2-3 months to produce a maiden JORC.

    So anywhere from 9-12 months is my best guess. If we have it before Xmas I’ll be happy.
    Last edited by mattilla: 23/01/19
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
0.000(0.00%)
Mkt cap ! $60.50M
Open High Low Value Volume
12.5¢ 12.8¢ 12.3¢ $212.1K 1.694M

Buyers (Bids)

No. Vol. Price($)
6 295680 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 2021999 6
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.