TruthMachine1 wrote: I don't know if Kyler Hardy will have the Geo's and drill team working through the winter months, but if they do that would be a huge endorsement on what they are seeing from boots on the ground if they did.
I would also speculate that EQT only has one drill platform on site at this time, but that is pure speculation on my part. Its simply too costly to contract out multiple units before proper assessment of the core grades and their richness and and a verifiable understanding of the ore body and its aweet spot or multiple sweet spots are analylized properly for the next round of drilling.
As far as the weather, if its not life threatening blizzard conditions in Labrador this winter and they keep drilling that's a good thing and bodes well for what Makela is seeing on the ground with eyes on cores not yet assayed.
The real kicker that would be a tell-tale sign of good things would be for the team to be excited enough to bring in a second drill platform. Unfortunately, drilling does cost big money and EQT needs to balance expenditures with the life cycle of the drill program and reward possibilities in this difficult resource market, so I wouldn't expect a second drill in this early drill program.
Bringing a second drill platform on line so early is not realistic but not completely out of the question if cores are compelling.
Additionally, I wouldn't expect any official announcements on assayed drill cores before late October or early in November. If that's the case then there is going to be plenty of time to take a position as day traders unload shares for pennies.
That's a good thing to some extent because weak-hand day traders move out and shares are hopefully transferred into stronger hands with longer time frames on investment objectives.
A whole bunch of you need to stop acting like this is your first rodeo and start acting like you've been here before.
Patients will be required and hopefully rewarded.