Gambling on the Drill Bit, page-27

Here's why the gamble is pretty good.

Meteoric Resources confirmed high-grade results of up to 9.71% cobalt from rock chip and grab sampling undertaken at the Mulligan Cobalt Project in Ontario, Canada.

So what.

The project site was visited to confirm historical high-grade rock samples collected by the Ontario Department of Mines in 1952, which yielded 12.6% cobalt, 1.03% nickel, 29.76 g/t gold and 39.69 g/t silver (Sample No. 23730)

and

Conwest Exploration, yielding 19% cobalt and 56.69 g/t gold.

and

Meteoric previously reported a bulk sample of eight tons, grading an average of 10% cobalt, was extracted from this area.

There was also two historical drills into low polymetalic areas that gave .06 grades, Thats outside of the zone.

So unless the ground has changed it's a pretty good chance they will find something