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2.8¢ great western exploration limited.

Ann: High-Grade Gold Continues at Yandal West Gold Project, page-15

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germainst

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14/02/19

12:01

Post #: 37435223
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Originally posted by CEOChair: ↑

The last round of drilling at Yandall West cost approx $492k+$353k over the 2 quarters it spanned. At least, I can’t think what else might have contributed to those exploration costs in the cash flow reports, maybe a few bits of paperwork etc.
This Q, they do expect to spend $350k, so we are already half way through without any activity. So presumably, we will hear what they can do. They could just about get away with similar size program without raising any, but would be down to the bone by the end of it and relying on major success to proceed. So just maybe by end of June, we will know if we have a commercial discovery (and fill the gap to 9.4c from 5 years ago )

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Hi CEO , I was just rereading page 7 and it confirms my thoughts that the drilling direction was missing the structure at QM , so the next round there will well worth waiting for , as for the latest high grade hit area , looking at the cross section from my surveying experience there could be an area 20 by 30 m deep so far found at good grades , dip and strike still to be determined. Excellent Imo very happy to hold.
They are just getting a handle of the local configurations IMO
Cheers all.

GTE Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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