RE:RE:Can Murchison development/ drilling news add $0.15 Yes,
2000 m of drilling beneath the starter pit at Peranghi was not completed in Q2....Approx 600 m only was drilled.
The remainder were slated to be completed in early Q3...this quarter.
In addition, we have a massive array of drilling data for Peranghi accumulated over the past 4-5 years.
I know that they have an internal estimate but do not know if it is sufficient for at least and Inferred estimate.
Starter pit grade control drilling ended in Q2.
So, it is possible that we might see the first 43-101 this quarter.
It can already be indirectly computed from management commentary that 45,000 ounces of good grade oxides exist at Peranghi.
That has substantial implications for our near term production profile, recovery rates and cash flows...all in a very positive direction.
Next week, I am expecting an operational update , as we now have the funds needed to confirm recent developments.