NAG 18.2% 2.6¢ nagambie resources limited

Again thats an assumption based on the diagram Muzzah showed...

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  1. 2,390 Posts.
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    Again thats an assumption based on the diagram Muzzah showed earlier - where drilling is shown to go beyond the coloured IP map down to about 650m.

    Given no Anncmt to say drilling has been completed, the assumption is it is continuing at the same rate. I think they would make an Anncmt, probably including a Geolists Report, shortly after the hole is completed (another assumption that could be wrong)

    The drilling rate & depths are based on an assumption that they are still drilling about 100m per 5 day week. We know from an earlier announcement that after 2 wks they had drilled 207m, which is an average of 103.5 m/wk & last Frid made it 5 wks, hence 500m.

    These are estimates obviously as we don't have all the details eg breakdowns would cause delays. But I think the assumptions are at least based on logical & rational reasoning. Regardless, it's the best we have to go on atm.
    Last edited by JetBlue: 21/05/18
 
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