... this is the key problem with the Ann - essentially it boils down to justifying proceeding with diamond drilling to understand the geology a bit better. That’s not a good enough reason to diamond drill and the market knows it. OK, they can’t say they are at the point where they know where the shiny stuff is and so they are drilling specific targets... so they need to describe scenarios that they hope could play out.
ie: here’s our conceptual model based on results to date, and very useful work too ... now we need to know if we are correct and by drilling here, here and here, this is what we hope to find to confirm, but hey suppose we find this instead, it could mean this, which is still good news because this, but if we only see whatever, we’ll have to call it a day here and move on to the other projects. Here’s our timeframe for Plan A and follow up if we’re right, and here’s plan B or C if we find something different ... that kind of thing, without the eyebrow raising.
