Checking in quick...24 May 2020 08:07
Whilst I have 5 mins...
Firstly, all investors should take a look at the latest presentation, probably the best way at the moment to do any research and get an understanding of what’s going on...
Also take a look at this definition:
Greenfield vs. brownfield. Greenfield projects are those with minimal to no previous exploration, while a brownfield project can range from the advanced development stage with a known resource to a proven producer. Greenfield exploration carries the risk of operating in literal unchartered territory.
We have greenfield and brownfield, as well as a class of blue sky, essentially we know something is there based on the elevated or anomalous reading of Mob but we just don’t know how big it is, or whether the iocg targets form part of just one last mega structure...
Drilling to start in H2, but presumably we can get this gas tracked as we have money to get it started and Stage 2 successfully completed... Hagstrom completing drill for us, and are taking 30% costs as equity in the company, so presumably they are happy with what they see in the data...
Good luck guys...