Unfortunately, this early stage exploration with wide-spaced drilling to get a better understanding of mineralised structures - rather than chasing high grades - is rather unrewarding in the short term, but IMO the sheer abundance of prospects makes it necessary to do a lot of this.
The alternative would be to start drilling out a random prospect based on insufficient data, only to find out later that they've spent a lot of cash on something that is uneconomical or at least by far not the best on the concession.
Price may well go lower from here (once a stock is unloved, it gets quite unloved), but looking at the market cap compared to what they've got makes this a buy for me at these levels, and I have put my money where my mouth is.
AQI Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
