Pretty much agree.
For me the TRex drilling was a bit of of an optimistic sighter while they were waiting on further approvals to the numerous really strong targets they have. I feel a bit the same about drilling for such deep veins around T3 to be honest - not the zones, but the veins...we've got a lot better targets in the region.
Despite the shite month and the longer delays I'm still quite optimistic about T1 at depth, and also the A1-3 targets especially. They've certainly got a lot of coin to go and find another couple of T3s or better.
This last six months should've gone a whole lot better, but I guess the good news is just rolled over to a large extent to the next six months. A nice bargain to be had at 4.1 for people coming in now, just the opportunity cost to existing holders for the last six months which sucks the most.
MOD Price at posting:
4.1¢ Sentiment: None Disclosure: Held