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clock Created with Sketch. 14/05/17
15:14
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Originally posted by goldfinger$$
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How widespread are the RC issues encountered previously at Monsoon? The high grade intercept in RC drill hole SPBC0313 obviously got a lot of focus once follow up holes didn't continue to prove up the prospect. However the initial resource at Baloo was already declared (4th March 2016) by the time this RC issue came to light. In the months leading up to the declaration of this resource at Baloo, RC drilling was ramping up to infill this prospect to declare the resource. I noticed with the recent resource addition, all holes were diamond. Shareholders are no doubt sceptical about the initial resource.
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It will be good to see Polar Bear sold off. I flagged this back in mid-February and it's still a good strategic move to generate some more free cash flow and remove themselves from an asset that still leaves a bad taste in the mouth of a lot of investors that bought at last years highs.
