drilling/testing, page-4

I agree Roel. From reading the recent announcements and a little bit about MMI-M my understanding is that it is quite accurate in detecting the nature of underlying mineralisation i.e. that minerals are present and what they are (and has been shown to be so in relation to the known calibre deposit) but is not very accurate in detecting how much or what grade is present. I am not a geologist so DYOR and am happy to be corrected. It does seem to have been around for quite a while now as a technique and I see has been used by numerous companies in North America.
Bearing this in mind and the fact that management have spent so much time and money on this technique indicates to me that they must have some trust in it so I was hugely encouraged by the latest announcements. The potential of this whole area is enormous IMO.
Regarding the known Calibre deposit , I had the opportunity to chat to a couple of directors at the last AGM and they described it as "a good" and "very good" deposit in its own right, emphasising the low strip ratio as being very significant. I ran this by a couple of geologist mates at the time and they agreed that to have such a low strip ratio is a huge plus.
Unfortunately the majors don't seem to be interested in a JV at this stage and in these market conditions, but if any of these targets prove significant well who knows what we might be sitting on.
So much land yet to be explored also and not a bad bank balance with the recent refund and co-funding.
So all in all I think plenty to be excited about but better grades would definitely help this time around. I've doubled up in recent weeks in advance of the upcoming drilling - may be throwing good money after bad but couldn't resist the low prices and potential - DYOR.