speculationSo there are four possibilities why it is running.
1. coal analysis
2. NR from recent drilling
3. Merger speculation/buy-in/buy-out
4. Other - perhaps they find the diamonds they were drilling for originally!
My guess is number 2. The timing is about right for the next set of holes to be released.
I don't think the coal analysis will run it this hard.
I think #3 is premature.
For what it is worth, if the deep drilling shows a deeper body of coal then everything may well just be one huge continuous ocean of coal. That is simply my take on it, as simple as I am.
They will have to get the rig out of the south fairly soon due to the ice bridge leading to Split-Leaf and I am thinking we are looking at about April 10 for the end of drilling.
Also, they may want to move the rigs before the road bans come on, and I am not sure when that is but some of you will know that.
A good NR and there should be several billions of tonnes.
It "could" be the opportunity of a life-time. Maybe it would make up for the tonne of cash I lost in the diamonds of Shore Gold just a 150 miles west from this property. Carbon is Carbon ------ WRONG!
Regards,
The Grizz