RE: Prem18 Sep 2022 23:18
SK with your inside track are we still expecting these things in September......
"Great results With assays , looks like drilling done for DFS , so expect resource upgrade for September , three drills to drill other areas .
The six drill were used to get an indicated resource which I guess we get result in September . Prem are aiming at 10 mt indicated and maybe measured . The drilling for inferred is different than indicated , you need three times less drill rigs for inferred compared to indicated . So whilist in sept we will get indicated resource it maybe later to get inferred up .
The main point of the indicated resource release , is prem will then be allowed to release predictions on revenue . They are forbidden by nomad rules to do so until indicated resource is independently established .
So September should see when a lot of news , broker notes , interviews and share price really moves . And as Acker points out the market gets interested and busy after summer holidays"