That grade is not going to cut it, even though it is easily accessible. This was always a 50/50 shot for this particular reef and now that is down to probably 20/80. It was a good option for a ST target IMO.
The sellers were obviously easily spooked as there is plenty on the horizon
"o A drilling program is underway on the highly prospective Maxwell Zone on Level 7
o Additional drilling planned to test the higher grade Northern part of the Stacpoole
Zone
o Additional processing is underway of stockpiled material from various old
workings, including from the Maxwell zone and other prospective development
areas
o Preparation for processing of the Rose of Denmark material currently being mined."
I am most excited about the fact that they are due to process material RoD, which you can pretty much bet is profitable as they have drilling data to target areas.