I think what everyone is forgetting is that AQD are in exploration.
Don't forget that some pretty big JV's were done, with experienced companies, and that they would have run their eyes over the ground closely before committing.
Most drilling on green-fields sites comes up with zilch. AQD don't have some magic formula for success and can only go through the same frustrating and costly process as any other company.
Lockitt
Ann: Update on Peru Copper-Gold Joint Ventures-AQD.AX, page-10
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