Ace, the percentages of hitting a worthy target in exploration, are super low, as you have enunciated. However, as you correctly outline, MRD has " the Wolf" mentally and emotionally, fully committed to the tasks at hand. There is also evidence of sulphides in the system with assays of Ni, Cu and Co. Not a bad start!!
Hence, lets accept the fact that odds are moving in MRD's favour. If there is a massive sulphide hit, the odds move to odds/evens on the roulette wheel at worst. In fact the market will probably shorten these odds far further. As has been said, this would be the first significant "hit" since Sirius, and the market is primed and looking for the next winner.
Got to be in it to win it!!
MRD Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held