GREY:ETPHF - Post by User
Comment by
STVPon Dec 12, 2011 11:42am
172 Views
Post# 19313305
RE: Great Numbers
RE: Great Numbersthe most important results to me will be the shallowness of their deposit and grade. Once they continue to intersect good grades under 200 meters, FED should be able to should open pit mining potential. Also of importance is time line for 43-101
"EPC will refocus the drilling campaign on its shallow Colluli target area" - this is closer to the South Boulder side of the basin that they can drill soon as access roads construction are on schedule. This should show even shallower deposit results. The shallow Colluli area is the real prize zone for EPC that they haven't even started to drill due to access roads but should start soon. You should be able to see similar results to South Boulder that will strength their results for open pit.
Time line:
"The Company is now drilling Hole 20 and anticipates completing its program of 29 holes on the Southwest Discovery Zone in January. At that time, Ethiopian Potash will be in a position to commission a new 43-101 compliant resource estimate on its Southwest Discovery Zone.
"Despite a slow start, due to weather and access related issues, the accelerated construction of access roads and drill platforms has positioned EPC to catch up to its peers in the Basin."