Re: subject: PRB-V (at $2.79): New 52-Week High at 9:30 AM 27/01/2014
posted on
Jan 27, 2014 10:30PM
I guestimate that they have 1.4 km from section 2000 SE to the far shore. Holes are averaging over 600m now. Realistically ice conditions should still be improving through mid-feb and then start to deteriorate. If they are able to stay on the ice till mid-march thats approximately eight weeks of drilling. Anything after that will depend on how cold of a winter we have.
So if the drills average a hole a week and if they are lucky each drill might might get 10 holes (a cold winter is good for something). Personally I'd do 100 m stepouts with all 4 drills while they are doing the geophysics. I'd rather add resources then show potential.
My guess is we will see a large PP in february after the first set of drill results with an announcement that they will drive a ramp down the HGZ this summer.
Hold on for the ride.
... Been there