SPX 9.09% 1.0¢ spenda limited

Allowing a day to cement and case the collar...They should have...

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  1. 15,276 Posts.
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    Allowing a day to cement and case the collar...

    They should have managed at least two full days of diamond drilling since the 8th, if not more...so about 60m +/- already

    I hope the first hole is not collared too far away from the pit...hit the zone first close, then move out slowly to gain orientation, or simply do a vertical fan from the same pad to reduce drilling costs.

    The MD (Ian Bamborough) is at the drill site, so you can sense just how important this drilling programme is to the Company.

    Interestingly...with the MD on site, any "visuals" (confirmed with XRF) can be communicated to the market relatively quickly.

    I have previously stated, I do not expect they will release the results of XRF, but rather refer to them as confirmation of the presence of REE's, as part of a mineralogical and/or geological interpretation of the core...whilst they wait for assays.

    It is a smart way to keep the market interested and stop those who may see benefits in knocking down such a low-liquidity stock during news voids...as we saw on Friday.

    I suggest the mineralised structures should be obvious in the core, so not a big ask for them to report on it.

    Good luck guys.

    Cheers!



 
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