Yep I am aware I think it's has interesting results, but I am not invested in it just an observer, the current JORC they have grade is too low, I have been through all the old drill holes alot from surface which is good, but mostly low hits, I think they would need to see something in the range of $35 aud silver for them to be feasible.
As for the current drilling program it's hitting gold from 90 to 400 m deep which is way too deep unless you are hitting slabs of thick mineralisation.
When I look at AKDD181 the head line is 1065 g/t Au, but when you look closely it's 1m out of 400 m hole and the rest is dust, to slice through 3 potential lenses and hit a max of 1m thickness, it's terrible.
I would keep it if I bought it low 2.5 or less I think it will no doubt climb on hype as news gets closer seems a few hearts are stuck in it deep over there, so they will try their best to ramp it as hard as they can.
But I prefer plays like this SMI, with a low cap and the right story you can easily double your money or better here, perceived new discovered with big break out potential always seem to do the best.
I also like the other one VMS, they only have sampling but if you look at a picture like this
It shows they have a 250 x 300m area there that has sampled fairly well, they are most likely to drill right into those best spots first, the chance of hitting some decent I would say is good.
If they replicate anything close to those grades it will fire off of that with a big head line new discover the price will double or better and even if blanks it's not likely to fall much past what you paid as it's currently trading pre-hype.
