It you were in their position with limited funds of which a small portion was raised at the low of the SP, would you just plonk a diamond drill hoping for a good result and match the tenement spend?
I would rather spread the drill holes using much cheaper RC drill method to increase the chances of getting something. If you observe their decisions since inception, they have been methodically practicing discipline in their limited spending capability and methodically going about the process without screwing the long term holders unlike some companies I know of.
Unfortunately this process has taken longer than I had expected but that is investing. Out of the blue a diamond drill in Burns when they have already indicated that spend will be minimum there to preserve cash. Just speculation on my part and hope they get something there.
ORS Price at posting:
5.8¢ Sentiment: LT Buy Disclosure: Held
