Ann: Downhole EM results at Red Cap, page-14

Hey Oz

Note sure id say we are in the exact same position as were were prior to drilling , agree price is half but as someone else pointed out there were a lot that bought in when price was double what it is now so we have that overhang to contend with as people look to exit

Also we now seem to know that there is graphite down there which we didn't know either before or after reading first drill result , we also now know that the position of the conductor is north west v north east which may or may not change our chances , the conductance of it is quite low also (not sure what that means exactly )

Agree not all is lost and we will have another crack at success but I suspect having read all the comments post drill from people who know a hell of a lot more than me , that our chances of success are less than they were prior to first drill but hopefully I am wrong and we hit the good stuff

Good luck all