Hey FB. I don't know what your background is mate, but there are no crystal balls in this business, nor are there short cuts. The company is following a tried and true strategy of hitting targets - it just takes time for that strategy to work. It's complete fallacy to say they have no strategy, and insulting to boot to their technical team. When you go into ground where the only thing you know for sure is that there's rocks down there somewhere, then you have to methodically build up the lines of evidence to get you into the RIGHT rocks down there somewhere. They're doing that, and doing a good job - hitting the right rocks - not granites, not gneisses, but mafic intrusive nearly every time with sulphides - small amounts of sulphide so far to be sure, but there are orders of magnitude more barren mafic rocks out there than sulphide mineralised ones. If they had no strategy, then they wouldn't have that consistency.
Now just need to get the geophysics working so that spurious anomalies generated from the conductive overburden from hell can be differentiated from true bedrock features. That in itself takes a lot of work by some serious brains, and they don't always get it right because it's not easy. Even when the nature of conductors are doubtful you would be an absolute idiot to not drill them. Most will prove to be useless anomalies and money spent on nothing, but you only need one to not be and it's game on and all is forgiven.
Even Sirius were on their last dollar and a real Hail Mary hole when they hit Nova. If they'd decided to drill one of their many other targets instead, there would never have been a nickel boom in the Fraser Range and we'd all be on some other companies page arguing about how well or otherwise they're doing.
Have patience. No guarantees, but the right things are being done. Now just remains to be seen whether it's there to be found. GLTAH!!
MRD Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
(20min delay)
