General Thoughts and AssumptionsExploration Program Outline The exploration program will consist of 20 HQ diamond drill holes totaling 1600m and 700m of trenching, targeted on a 650m strike length of mineralized corridor at the Baldo Zone. The trenching program initiated on May 11. Layne Do Brasil Sondagens Ltda. has been awarded the drilling contract. Two track-mounted rigs, a CS-1000\10 and CS-1500, commenced operations on May 20, and drilling and trenching is expected to be completed within a month.
While wading through people fighting about names and an assortment of other nonsense 24/7, I thought I would ask an actual question related to EQT. You know the stock EQT that a few people here seem to be invested in.
If drilling started on May 20 and the drill program is small (1600 Meters) by any measure and the depth to be drilled is shallow why so long for drill results.
Here we are 1 Aug, 2016 and its been 70 days or 2 1/2 Months and not a peep of drill results from a very small drill program.
I'm wondering what the greater consensus of the serious investors (not trolls) here think and what would make them reevaluate their continued involvement in EQT.
My personal opinion is the delay in results is concerning and to me and probably most other serious investors take this delay as likely less than exciting news potentially coming, but those thoughts are just general in nature. Not derived from boots on the ground data.
The three or four serious investors remaining here, whats you're take on this dynamic.
I'll go further and say if we get a surprise in the drill quality and quantity we could get a nice pop to the $.15 cent range potentially.
Likewise, if we get a disappointment in those results I think we could see that $.04 cent range visited again.
Thoughts?