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12,839 Posts.

3

09/05/16

10:14

Post #: 17709932
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Originally posted by Crimsoncarp ↑

The drilling using RC is done so as to reach the target zone cheaply and then the DD is used to drill through the target zone for optimal info. This is what they are doing.

It is impossible to estimate how fast they are drilling. For the RC it would be day shift only and for the DD possibly both night and day. 200m a day for RC is in the top end of what a good rig with an auxiliary compressor and booster can do. Equally 50m per day DD off one shift is a lot. Then you have to take into consideration if all the pads have been constructed on time, sumps dug, reliable water supply and most importantly break downs. Most rigs are constantly on the precipice of breaking and that in my experience can use up 30% of the on ground time sometimes more.

In my experience there are too many variables to estimate how things are and then you have to take into consideration how the MD likes to present the results. I imagine that they want to do an SP at some point soon so the results will be presented so as to make a bit of noise. We will see.

So yeah could be out tomorrow could be out when assays turnaround in a month.

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Heads up - out now.

RMR Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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