Step 2 is more important than you think. Example. Before KIN hit...

Step 2 is more important than you think.

Example. Before KIN hit bonanza grades at Lewis they were pretty much in the same boat as EAR. Their SPP (closed just before the Lewis ann.) was undersubscribed. After they hit those bonanza grades, KIN was able to raise heaps of cash, way above there 12 month moving average. That bonanza grade ann. move KIN so fast that I missed my chance to buy.

The impact of new discoveries has a more profound impact on the share price than "Step 1".

My only fear as an observant non-holder is that this $4-$5mill of drilling might discover something speculator, and result in me missing this boat too.

In-fill drilling and re-drilling of Julius/Orelia is not important, as it should already be JORC compliant. This can be done, after mining has commenced. Machinery will be on-site anyway, so there will be cost savings.