lol, that's a very "glass half empty" interpretation Kruiser.
why stop at stage 2, why not just go straight to infill? actually, why not do a conceptual target and a PFS at the same time? or even DFS? heck, ditch that, go straight for BFS. in fact, why dont they just go straight into production?
i guess the word you're looking for is diligence.
just throwing darts here, but if the initial results from the first 5 holes have been inconclusive or inconsistent, or perhaps do not paint a clear picture of the ore-body, the two extra holes may be needed to define the strike further.
but we're arguing over nothing here. yes, you are correct, this is not likely to be a world-class deposit, and anyone expecting anything more from a microcap is just plain dreaming.
all i am saying is that this is now trading at shell price, and has probable news flow which could buy a potential breakout from downtrend, and for me, that is worth the risk on a possible 50-100% profit from here.
better to be honest about the pond you are swimming in and not let illusions of grandeur cloud your judgement.
NAE Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
