Yes - that is the nature of the beast. You never know until you go. Confidence in the big picture and this announcement is bolstered by:
**** The nature of the announcement. Finally. We are drilling again.
(IMO - This is the core on the ground business that is a game changer. Always is. Potentially the biggest one there is toward a sound continuing mine life - Grade is king but the drilling business is the queen)
****** the description of 80% of the drilling is INFILL. The other 20% is in the Mining lease area toward further exploration of the mining lease area.
This says nothing about the 98% of lease held by A40 - unexplored.
(Only in my humble opinion-----> but for MC and his book writing on the nature of lithium exploration - that everyone reads or has read to do their lithium exploration everywhere else.)
Apparently Cowan might be onto having a crack at this? why/where is there no news of Cowan exploits?
Anyways back tot he meat in the mining lease....
We already know something is there in the mining lease. "Infill" Drilling is about defining what is there more definitively for want of a better word.
I'm not sure if they will end with JORC resource level? Nonetheless. We wont go anywhere SP without drilling further.
The lyrics - "If you don't eat your meat you can't have your pudding" comes to mind....
(also: " I don't know, I was really drunk at the time" same song??)
Drilling is by far the best investment to make in a mining company. In fact of the matter it really is the top and core of it all. If you dont drill you wont have anything to mine.
nobody will buy invest in the thought it might be there.... (except us. ohhhh that's a bit-awkward...)
But we knew there was enough to kick it off. Found out back in 2016.
You have to drill. Otherwise -you just dont know..
Spending this money on a large drilling program given what we already know and the potential?
Best investment our interest calculable borrowed monies can buy....
A40 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held