Yes it has been a long wait now for the assays on diamond holes...

Yes it has been a long wait now for the assays on diamond holes MODD001 -003. They could well be failures (dusters) hence the sell off.

At least they have started to think about proper exploration along the shear and the lake targets.

Problem is share price has gone nowhere and every raising to advance the project just balloons out the number of shares on issue. Still reasonably moderate at 279million but I don't like the trend.

EV of ~$19.6 million is not excessive for the resources IMO but yes they need a game changer to come along soon or they will end up with a stranded project that RMS or WestGold will end up picking up on the cheap or it will just fade into the background of good ideas that go nowhere. Esh