Another Spoke in the WheelWell done alfalfa++ a variation on the formula but the same end result 4 MILLION TONNES Measured and Indicated.
I am now only tracking the Measured and Indicated as those are the numbers that have real value for the Bankable Feasibility Study..and move the Measured and Indicated into the Proven and Probable...The inferred number is real big...but of no value to us unless the company does more drilling to move the inferred resource into the measured and indicated categories. I suspect that Ercosplan may recommend some further high impact drilling in their resource estimate report to increase the resource further with more drilling. Alfalfa's formula works...but I use 750m divided by 2 to get tonnes then x 750m and then multiplied by the percentage of KCL to get the Measured and Indicated. The results of #13 are not as good as hole #10 but better than most of the other drill holes to date. Long and short of it is ...we have hit in all holes...and I am very pleased to hear that holes #14 #15 #16 #17 and #18 are enroute to Sask. Labs. Lots of shallow drilling I presume..to get 5 holes completed in one month the results will have to have been shallow. Holes # 14 and #16 will be similar to the results of the near by hole #9 and Holes #17 #18 #19 will be similar to the results of hole #11. And hole #15 should be similar to hole #13.
A couple of interesting points jump out from the NR today...we now have a confirmed track of potash from hole #9 in the north to hole #8 in the south for near abouts 8 kilometers long. The Drilling Map now shows all drilling will be done in the south west of our property and will support shallow potash near to hole #11. Interesting that the two planned drill holes on the eastern shoreline are now gone?? It is likely because Farhad wants as much drilling around hole #11 completed so the results can be included in the NI Resource Estimate by the end of May. All this drilling near to hole #11 will give us a 10km x 5km block of shallow potash and remember Ercosplan said that they can give a GREATER radius to holes that are supported by a 2D Seismic Survey.....OR Farhad is working on the deal with the 2 Ethiopian Businessmen that currently own the land leases on the Samarian Block on our eastern shoreline, and Farhad is thinking....better not drill near to that block of land until we tie the property down and complete the purchase? Why prove up the shallowest potash horizon in the world ( look at South Boulder Drilling Resuts 5 miles north of this block)...and then try and make a deal with the current owners of the Samarian Block? Remember the current owners of that land have the leases until July 8th, 2011...and then who knows..if they are not planning to drill on the land, I would suspect the Ethiopian Govt. with a nod from Allana saying we want the land and will drill on it immediately..might motivate the vendors to sell before July? time will tell...imho Farhad is a "shrewd" businessman and has the patience of Jobe...
And for the record...AAA is a canadian company and the value or devaluation of the American Dollar has nothing to do with Allana and our potash in Ethiopia...
From the change in the drilling map...I suspect the next news we get is a land deal...all good for Allana...as we seem to get ahead of ourselves sometimes...we are still in the drilling, exploration and land aquisition stage...even if we already have a vote of confidence from several big time investors getting in early.
Another very good day for Allana longs...and it may take Mr. Market awhile to put all the pieces together on a table and see what we see....Take a look at the map in the link below and see if you see what I see?
Karma
https://research.dundeesecurities.com/Research/AAA041111.pdf