Confirmation from DH1 has turned the company from spec explorer to now proving up a resource.
The gaps below 48 were from a different stage in the company's history and not sure if they will ever fill. @seagull ?
Nice retrace. Onwards and upwards leading into depth for DH2.
This is probably not accurate, but collating the info from DH1 and the stages of depths they were reaching, I calculated roughly 50m per 7 days from DH1 previous announcement timelines after reaching 300m relatively quickly.
Gravity survey is suggesting basement at roughly 750m. If it was 465m as of this morning, that leaves 285m left to drill.
I'm assuming second hole would be a bit quicker, but using that theory above it would indicate the end of DH2 in 35 days (max!), but hopefully announcing drilling into brine within the next few days. Potential is there to be an ever wider intercept of brine this time.
That sounds wayyy to long to get to that depth. Is there someone with drilling experience at depth?
GLN Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held